After years of legal and financial woes, New York City’s last public bath building, completed in 1910, has been snapped up at auction by developer Greystone for $7,600,000, DNAinfo reported. Landmarked in 1982, the building at 227 4th Avenue has in recent years been used as a private arts, events and community space known as the Lyceum.

Greystone told DNAinfo it would not comment on its plans for the building until the close of the sale in 60 days. There are windows all around so apartments would be possible, but the entire space is only 12,200 square feet inside. The building’s FAR would allow a total of 33,060 square feet on the site, but its landmark status is likely to prevent any additions. The developer could carve out 10 or so luxury condos, but unless Landmarks allows a modern addition on the roof, our guess is it will become a mall, office space, or a big box store.

A lien for $5.05 million led to the foreclosure sale, Here’s Park Slope reported earlier this week.

The photo of the building partly shrouded in netting in 2012, above, does not show the Renaissance Revival building’s elaborate terra cotta detail, which includes dolphins, urns of flowing water, and images of Triton, the father of the sea-god Poseidon. It was designed by architect Raymond F. Almirall.

What would you like to see in this space?

Developer Buys Landmarked Brooklyn Lyceum for $7.6M at Foreclosure Auction [DNA] GMAP
Brooklyn Lyceum in Foreclosure, Being Auctioned Today [Here's Park Slope]
Lyceum Coverage [Brownstoner]

2 Strong Place1

The last and biggest of the three neo-traditional townhouses at Strong Place and Kane Street has just hit the market and the price will set a record for Cobble Hill if the developer can get it: $7,500,000.

The high price of No. 2 Strong Place may reflect that the property is not just one house, but two: There is an 800-square-foot carriage house in the back with parking on the lower level and a studio apartment with kitchenette above.

All three townhouses are in a landmarked area and were designed by CWB Architects with Landmark’s approval. The exteriors were modeled on the neighborhood’s historic row houses but the interiors are modern. The developer is Brennan Realty, which is also marketing them. The townhouses were briefly on the market pre-construction in early 2013. No. 2A entered contract in January this year when it was asking $4,475,000. No. 4 was listed earlier this month. 

The townhouse at No. 2 Strong Place is about 4,000 square feet over five levels. The garden level has the kitchen and dining area that looks out through double height windows onto the garden. The parlor level has two living rooms and a wet bar. The master bath and second bedroom are on the next floor up, and two more bedrooms are above. The top level can be used as a home office or study, according to the listing.

To put the price in perspective, the current Cobble Hill record holder is 305 Degraw Street, the 6,000-square-foot carriage house with a modern renovation and green wall that recently closed for $7,000,000. A double-width Greek Revival mansion at 491 Henry Street sold for $6,750,000 in 2013, and a beautifully renovated and grand Italianate at 233 Warren Street on a double lot with a carriage house went for $6,050,000 in 2012.

Click through to see a new rendering of the kitchen as well as other renderings that came out in August. Do you think they’ll get their ask?

2 Strong Place [Brennan Realty]
Strong Place Townhouses Coverage
[Brownstoner] GMAP

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Developers are keeping the new construction townhouses coming in Brooklyn. The latest to hit the market is 4 Wythe Lane, one of six single-family townhouses under construction at South 4th Street and Wythe Avenue in Williamsburg. Two other houses in the complex, No. 5 and No. 6, already have contracts out, according to BuzzBuzzHome, which was the first to report on the listing. There are no listings up except for No. 4, although renderings and floor plans have gone up on the development’s website. Halstead is handling the sales.

Developed by KUB Capital on a former scrap metal site and designed by KUB Design and SZ Projects, the townhouses will have a modern look. The four-story house at No. 4 will have a total of 3,775 square feet with four bedrooms, three full baths and two half baths. It is 16 feet wide, and there is a 25-foot deep garden. It’s asking $3,995,000.

That’s a significantly bigger number than the last Williamsburg townhouses to hit the market. The 12 Williamsburg Social Townhouses on North 3rd between Berry and Bedford started at $2,380,000 when they debuted in 2013.

We doubt construction is very far along yet, since demo of the old G&C Salvage Corp. scrap metal facility at 55-59 South 4th Street was scheduled to start in August. The site abuts “Site E” of the Domino Sugar development, until recently a temporary public park, which will be the first under construction.

Click through for renderings. A floor plan can be viewed here. What do you think of the design and price?

4 Wythe Lane Listing [Halstead]
Wythe Lane Townhouses [Official]
The Townhouses of Wythe Lane Alight in Williamsburg [BBH]

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The John C. Kelley House, site of a Sharon Stone film shoot and a visit from President Cleveland, is now officially on the market for $6,000,000 and photos went up on the listing Friday afternoon.

As we reported in July, the longtime owner, a retired advertising executive, bought it when it was an illegal SRO and meticulously restored it. The double-wide house at 247 Hancock Street is 41 feet wide by 60 feet deep, according to the listing, and sits on an even bigger 81-by-100 square foot lot. The Neo-Renaissance house with Romanesque Revival features was designed in the 1880s by architect Montrose Morris, who lived across the street. The block, between Marcy and Tompkins, is one of the most architecturally distinguished in Bed Stuy, but is not yet landmarked.

It’s set up as a rental apartment over a grand owner’s triplex, complete with bar and ballroom in the basement. It also has an extensive landscaped garden with koi pond and roses. It is Bed Stuy’s most expensive listing and will set a record when it sells.

Click through for more photos and a floor plan. What do you think of the price?

247 Hancock Street Listing [Halstead] GMAP
Bed Stuy Mansion to Ask $6 Million [Brownstoner]
Photos by Halstead (more…)

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After only 11 months, “Girls” star Zosia Mamet and boyfriend actor Evan Jonigkeit are selling their house in Bushwick, as Bushwick Daily was the first to report. They don’t seem to have changed the interior much, except to paint the kitchen cabinets white.

The house at 896 Flushing Avenue was already gut renovated without a shred of original detail left when they purchased it. Flushing Avenue is an extremely busy street and truck thoroughfare, and the house is across the street from the huge Rheingold Brewery complex, soon to be a construction site.

Although the house is 22 feet wide and technically a six-family, we thought they overpaid at the time when they purchased it for $1,000,000. Now they are asking $1,600,000. Do you think they will get it? And what does this mean for Bushwick?

Zosia Mamet Is Flipping the Pink Building She Bought in Bushwick Less Than a Year Ago [BK Daily]
OMG! Zosia Mamet Buys a House in Bushwick [Brownstoner]
Photo by Christopher Bride for PropertyShark

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Rabsky Group, a partner in Read Property’s gigantic Rheingold development in Bushwick, has picked up 12 mostly empty lots close by, according to public records. Rabsky paid $53,000,000 for the 12 residentially zoned lots on Bushwick between Montieth and Forrest streets. One of the sellers was Read Property; the other one was Princeton Holdings, according to a story in The Real Deal.

No addresses were given for the parcel in the story, but the group is filed in public records under 501 Bushwick Avenue. The ramshackle block consists mostly of empty lots and parking lots across from a car wash and the Rheingold Gardens affordable housing complex. It is also not far from the Bushwick Houses public housing complex on the corner of Flushing and Bushwick.

Current zoning (R6a) will limit development here to six or seven stories.

Read and Princeton still own properties covering the remaining quarter of the block, as well as more lots across Montieth Street. Bushwick has been roaring with construction since the summer, and development of these properties will further transform this side of Bushwick.

Dushinsky Pays $53 Million for Big Bushwick Development Site [TRD] GMAP
Photo by Google Maps

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When will the madness stop? The median sale price of a townhouse in Crown Heights, Bed Stuy, Prospect Lefferts Gardens and Bushwick leapt 86 percent in one year to $1,850,000, according to a third quarter market report just out from Corcoran. “Buyers seeking townhomes have pushed east, driving up prices in neighborhoods farther from Manhattan,” said a story in Bloomberg.

Just because prices have almost doubled in one year does not necessarily indicate a bubble, although it could. Prices were doubling every year in the early 1970s on the Upper West Side of Manhattan, and we don’t recall that they have ever returned to their 1960s levels.

The median for all types of homes in the borough is now at $587,515, a four percent increase over the year before and a record for Brooklyn, according to Douglas Elliman. It is also 8.8 percent above the high before the financial crisis — and Brooklyn is the only borough where sale prices are now higher than they were before the crash. (As far as we can tell, this report covers the entire borough, including the south.)

Astounding, no?

The news on the rental front was less dramatic. Prices in the north, northwest, and eastern areas of Brooklyn “slipped for the second consecutive month after 14 months of increases,” said Elliman. The median Brooklyn rent dipped 3.8 percent and is now $2,743.

Q3 2014 Brooklyn Sales [Douglas Elliman]
September 2014 Brooklyn Rentals [Douglas Elliman]
Brooklyn Home Prices Reach Record in Third Quarter [Bloomberg]

305-degraw-street-HOTD

The 6,000-square foot Cobble Hill townhouse with a modern renovation and a green wall at 305 Degraw Street that has been on the market for over a year has finally sold for $7,000,000, according to Curbed. The sale surpasses the previous record holder for Cobble Hill, a renovated Italianate at 233 Warren Street on a double lot with a garage, which sold for $6,050,000 in 2012. 491 Henry Street, a Greek Revival mansion purchased by Rag & Bone co-founder Marcus Wainwright and model Glenna Neece for $6,750,000 in 2013.

The house at 305 Degraw Street was initially asking $8,000,000, so the house sold for $1,000,000 off ask. It was also one of Brooklyn’s most expensive rentals for a while, with a price tag of $25,000 a month. It has a garage, a glass suspension skywalk, a dishwasher with a 14-minute cycle, and an elevator. Michael Ingui of Baxt Ingui Architects designed it. The sale has not yet hit pubic records.

Cobble Hill House With Huge Plant Wall Finds a Buyer for $7 Million [Curbed]

86 Camrdge Ft web

In a remarkable turnaround, this freestanding house at 86 Cambridge Place has set a record for Clinton Hill, closing at $4,100,000 Thursday. In July of 2013, Corcoran listed it with an ambitious ask of $4,495,000. By September, the price dropped to $3,295,000, and then it was taken off the market in November. In February, lender Deutsche Bank filed a lis pendens for $942,500 against the property. In April, Realty on the Greene put up a new listing asking $3,875,000. (more…)

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The Bed Stuy condo that set a record for the neighborhood when it cracked the $1,000,000 mark and sold for $1,040,000 in 2013 is back on the market and asking $1,450,000.

At the time, commenters on Curbed proclaimed the over $1 million sale to be evidence of a bubble.

The owners of 105 Lexington Avenue, Unit 4G, a photographer and photo agent who moved to Bed Stuy from the Lower East Side when their children left home, decorated with flea market finds and souvenirs of their travels. They transformed the look of the kitchen by removing some cabinet doors and painting the cabinets white, but otherwise did little in the way of renovation.

Earlier this year, one of them told us, “I like to redo spaces and move. I’m always checking the real estate section. If I found something, I would pounce on it. We could move in six months or five years. I would really love to own a carriage house, or a loft. The hunting and gathering is so much fun for me — once you’re done, you’re done.”

Now they’re relocating to Charleston, S.C. The 1,648-square-foot apartment last sold for approximately $631 per square foot and the new ask is about $880 a square foot. What do you think this apartment’s history says about the market?

105 Lexington Avenue, #4G Listing [HomeCanvasr.com]
Clinton Hill Loft with Private Roof Deck: 105 Lexington Avenue, #4G [BK Fullest]
Condo of the Day: 105 Lexington Avenue, #4H [Brownstoner]
Photo via BK to the Fullest

64-82 ferris street red hook

Italian developer Est4te Four, which is transforming 160 Imlay Street into condos, has dropped $33,025,000 on four more properties in Red Hook, according to public records. One of the purchases is 64-82 Ferris Street, a huge three-building complex on the waterfront that used to house printing presses for The New York Daily News. The Milan-based developer plans to convert the existing warehouses into office space for creative companies and put up new buildings that could either be more office space or a hotel, according to its website.

Est4te Four executive Stefano Marciano signed a $6,500,000 mortgage last month for four neighboring waterfront plots — 64-82 Ferris Street, 242 and 300 Coffey Street, and 217-255 Wolcott Street. He’s also the signer on all three deeds, which hit public records September 30 for $17,503,250$9,907,500 and $5,614,250 respectively.

Last week, Est4te Four launched sales for its condo conversion of 160 Imlay with prices starting at $973,000 for a one-bedroom. The developer is also planning to convert a large red-brick warehouse at 202 Coffey Street into art galleries and studios. And over the summer, the company entered contract to buy two commercial properties at 62 Ferris Street and 219 Sullivan Street.

Photo by Google Maps

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After years of litigation, a change of ownership, talk of rentals and artists studios, listings have gone up for 160 Imlay, which turn out to be luxury condos with spectacular views of the river priced competitively with similar property in “prime” Brooklyn.

Ten units have been listed so far, ranging in price from $973,000 to $3,857,325. The latter, the priciest listing in Red Hook right now, according to DNAinfo, is only a one-bedroom. It has 3,429 square feet and is on the sixth floor. The floor plan labels it a “white box studio,” which sounds like raw loft space. The same renderings are shown for all the listings.

Three units asking $973,000 are also one-bedrooms, but they are on the fourth and fifth floors and only about 973 square feet.

The architect of the conversion of the industrial building is Morris Adjmi Architects. Construction is expected to finish up in 2016.

160 Imlay, #6DI [Douglas Elliman]
160 Imlay Conversion Brings Expensive Condos to Red Hook [Curbed]
Converted Red Hook Building’s 1-Bedroom Condo Listed for $3.8M [DNA]
160 Imlay Coverage [Brownstoner]
Renderings via Douglas Elliman (more…)