835 Myrtle Ave, Cascade, 2

It looks like the old Cascade Linen factory at 835 Myrtle Avenue near Marcy, which is not landmarked, may soon be torn down to make way for apartments.

A partnership of developers from the Satmar community of south Williamsburg are in talks to buy the building for $60,000,000, according to Crain’s. Shockingly, that number is more than double what the current owner paid for the property last year ($27,000,000). (more…)

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[Editor's note: Although it came close, this sale did not set a record. Please see update at the end of the story.]

A two-bedroom, two-bath apartment in Williamsburg has sold for the eye-popping price of $1,906 per square foot, almost certainly a record for the neighborhood and one of the highest-priced sales in all of Brooklyn. (To put it in perspective, over at the record-setting Pierhouse in Brooklyn Bridge Park in Brooklyn Heights, condos have been selling for an average of $1,800 per square foot, with the biggest penthouse unit going for about $2,236 per square foot, or $11,180,000,  The Wall Street Journal reported in May.) (more…)

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Brookland Capital has at least 46 developments in the works in Brooklyn right now — all condos — but most of them are in less prominent spots than the one the firm has just scooped up for $7,400,000 on 4th Avenue. The very active developer, whose private sources of capital have allowed it to build condos when most in Brooklyn could develop only rentals, is planning a 13-story building with 45 apartments plus ground-floor shops at 550-554 4th Avenue, The New York Observer reported. (more…)

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Residents of the Dumbo loft building at 57 Jay Street said they are receiving threatening phone messages from the building’s new owners and are concerned that they plan to force them out to convert the building into high-priced luxury apartments. The brothers, Graham and Gregory Jones, purchased the warehouse at 57 Jay St. under the name GRJ on August 20 (it has yet to hit public records), according to a story in DNAinfo. (more…)

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This 1920s brick townhouse in Crown Heights South just may have set a new neighborhood record. The single-family home, which sold for $999,000 in December, sold again in July for $1,850,000, more than $150,000 above the original asking of $1,695,000. The home at 1388 Union Street has been well maintained and, according to the listing, is chock full of details including bay windows, original moldings, mirrors and wood paneling, (though all the woodwork is painted). The renovation is very well-done. It’s unclear how much work the flipper actually did on the home given how fast it turned over. Interior pics after the jump. (more…)

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A little gray wood frame house sandwiched between tall apartment buildings at 1191 Ocean Avenue in Flatbush has sold as a development site for $2,250,000. The 42.5-by-100-foot lot was on the market for less than four months and went $300,000 above ask, according to real estate firm TerraCRG, which brokered the sale.

Plans to replace the turn-of-the-last-century two-story house with a seven-story, 26-unit building have already been approved. A schematic can be seen on TerraCRG’s website. The property is located between Farragut Road and Glenwood Road close to Brooklyn College. It was delivered vacant. A demo permit was approved in May.

Photo by Google Maps

570 fulton street fort greene

Nonprofit SCO Family Services has put its three-story office building at 570 Fulton Street in Fort Greene up for sale, according to Crain’s and TerraCRG. The 26,388-square-foot building has 71,920 square feet of development rights for commercial or residential, or up to 86,300 square feet with an inclusionary housing bonus. (more…)

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Do you remember 102 Gates Avenue, an estate sale condition Italianate in Clinton Hill that attracted 350 people to the open house in early 2013? Well, now it’s been beautifully restored and is going on the market in a few weeks, according to a story in the BK to the Fullest. Click through to the jump to see the “after” photos of the restored house.

When it was a House of the Day, we said, “Here’s the kind of listing we love to see: The house needs restoration, but just about every original detail appears to be present.” (more…)

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The creme de la creme of Brooklyn listings is clotted. The handful of Brooklyn properties at the very top of the market, asking between $10,000,000 and $16,000,000 and sometimes more, aren’t moving. There’s a multi-million-dollar gap between asking and closing prices at the tippy top of the Brooklyn market.

The Real Deal took a look at the top 10 Brooklyn listing prices and the top 10 Brooklyn closed sales, and found a discrepancy. Since 70 Willow Place — where Truman Capote famously rented — closed for $12,500,000 in 2012, several higher priced properties have failed to sell, and it remains the borough record. (more…)

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Bed Stuy is hot and prices of town houses are rising are rising quickly there. Nine of the top 15 price records in the neighborhood during the past five years are from 2014, according to a story in The Real Deal.

In another measure, median sale prices of all types of homes there rose to $630,000 in the second quarter from $425,000 a year earlier, or nearly 50 percent. Asking prices, a more current but less reliable measure than closed sales, leapt 50.4 percent to $895,000 in June vs. the previous year. (more…)

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An old ship-engine repair building in Red Hook will be renovated and turned into store and office space for “creative office and retail tenants,” The New York Observer reported. LIVWRK, the real estate investment and development firm that is also a partner with Kushner Companies and RFR Realty in transforming the Watchtower printing plant buildings into office space for creative and tech companies in Dumbo, bought the building Tuesday for $21,500,000. (more…)

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A tipster tells us that a three-story multifamily at 71 Stuyvesant Avenue in Bed Stuy has sold for $3,800,000, setting a new record for multifamily buildings in the neighborhood. The property last changed hands for $540,000 in 2010, after selling at a foreclosure auction a few months before, according to public records. The 6,200-square-foot apartment house has 12 units and sits near the corner of Stuyvesant and Dekalb Avenues. Until now, the most expensive multifamily sale was 281 Tompkins Avenue, which sold for $3,300,000 in January 2013.

Photo by Christopher for PropertyShark