Affordable Housing Lottery Opens for Fort Greene Apartments Near BQE With A/C, in-Unit Laundry
An affordable housing lottery has opened for studio, one-, and two-bedroom apartments in an under-construction building next to the BQE in the Wallabout section of Fort Greene.
Food for Brooklyn: The Story of the Great Wallabout Market
Throughout Brooklyn’s history, a lot of things have come and gone, but one of the greatest losses has to be the Wallabout Market in the Brooklyn Navy Yard.
A Classic Park Slope Brownstone and Three More to See, Starting at $1.728 Million
Our picks for open houses to check out this hot, sunny weekend are found in Park Slope, Fort Greene, Bed Stuy and Bay Ridge and range in price from $1.728 million to $4.2 million.
RXR Realty’s Take on Brooklyn: 3 Community-Centric Hubs
With three new Brooklyn developments, RXR is emphasizing a culture of collaboration, creativity and work-life integration.
Danish Design Company Reform Hacks Ikea With World Famous Architects
The Copenhagen-based company brings Scandinavian design to Brooklyn with a showroom in Wallabout.
Rare and Historic Temple-Fronted Greek Revival in Wallabout Wants $4.499 Million
This Greek Revival home at 136 Clinton Avenue in Wallabout is a piece of Brooklyn history. Built by the Lefferts family and dating back to 1835, it's the last Greek temple-fronted house left in the borough.
Prison Ships and Bayside Markets: How Wallabout Got Its Name
Brownstoner takes on Brooklyn history in Nabe Names, a series of briefs on the origins and surprising stories of neighborhood nomenclature.
This little-known historic enclave dates back to the 17th century, evidenced by the area’s pre–Civil War wood-frame row houses and not one but two historic district designations.
Westbrook and Invesco Bidding on Wallabout Warehouse With Artists Studios
Westbrook Partners and Invesco Real Estate are among the bidders for a 550,000-square-foot warehouse at 47 Hall Street in Wallabout, The Real Deal reported. Management could be planning an overhaul of the building, which is known for its artist studios and Open Studios events.
Currently housing mainly small, commercial tenants paying comparatively affordable rates of $6 to $8 per square foot, ownership is no longer renewing leases, according to The Real Deal. At the much larger but otherwise similar Industry City, investors have been bringing in larger tenants at higher rates.
Wallabout Warehouse Trades Again: Madison Pays $45 Million
The industrial warehouse at 29 Ryerson across from the Navy Yard in Wallabout has changed hands yet again, nearly doubling in price. Madison Realty Capital paid $45,000,000 for the storage facility, according to The Real Deal. The previous owner, 11-45 Ryerson LLC, now revealed to be headed up by real estate investor Chaim Miller, bought it in 2013 for $26,400,000.
It sounds like plans to redevelop the property into offices focused on tech tenants with retail below have not changed. “We are planning on renovating and bringing it to the level that a tech tenant would demand,” a Madison exec told The Real Deal. At one time, former owners planned to turn it into a hotel with a rooftop bar. Madison is also developing two large mixed-use apartment buildings nearby at 490 and 504 Myrtle Avenue, as the story noted.
Madison Buys Brooklyn Warehouse for $45 Million From Chaim Miller [TRD]
29 Ryerson Coverage [Brownstoner] GMAP
Five Three-Family Townhouses Planned Next to the BQE in Wallabout
New building applications were filed last week for five three-story townhouses on Park Avenue, next to the BQE in Wallabout. The houses at 306-314 Park Avenue will have three units each and range in size from 1,525 square feet to 1,750 square feet. It’s not the most optimal location for housing, but with three units each (and small ones at that), they’re probably intended as rental investment properties.
The applicant of record is BTE Design Services, and Moses Guttman is the developer. It looks like Guttman bought up the series of vacant properties at Park Avenue and Ryerson Street for a combined $210,000 over the last two years, according to public records. GMAP
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