Top 5 Stories on Brownstoner This Week: Multifamily Sales Volume Plunges in Brooklyn

Apartment buildings in Park Slope. Photo by Susan De Vries

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    Multifamily Sales Volume Plunges in Brooklyn Following Rent Regulation Reform

    Sales of apartment buildings have slowed in Brooklyn and beyond following the passage of new tenant protections in the state legislature, PropertyShark reported last week. Most dramatically, unit volume fell 74 percent in Brooklyn in September compared to a year earlier.

    brooklyn bedford

    Alo at 241 Bedford Avenue

    Long-Empty Storefronts in Williamsburg Suddenly Full, Due in No Small Part to L Train

    Free from the burden of the L train shutdown, retail spaces in Williamsburg are quickly being filled by stores more often seen in a shopping mall.

    21 Clark Street

    The building in 2017. Photo by Susan De Vries

    See Inside Brooklyn Heights’ Historic Leverich Towers Hotel, Set to Open to Seniors in March

    Private equity firm Kayne Anderson Real Estate is aiming for a March opening for the highly anticipated conversion of the Leverich Towers Hotel at 21 Clark Street into a high-end assisted living facility for seniors, the firm and its partners said.

    70 remsen street

    Photo via The Corcoran Group

    Spacious Co-op in Prewar Brooklyn Heights Tower With Fanciful Exterior, Updates Asks $1.5 Million

    The apartment is a relatively simple 2.5-bedroom co-op with a renovated kitchen and at least one vintage bathroom. Yet its unusual and commodious layout–a combination of two original units–has light on three sides, two full bathrooms and a half bedroom with its own separate bath that could serve as an office, guest room, or a small room for a toddler.

    park slope

    Construction on 6th Avenue. Photo by Susan De Vries

    Frustrated Park Slope Residents Say City Sewer Repairs Are ‘Breaking Our Homes to Pieces’

    Park Slope residents are fed up with the lack of answers about damage to their homes and sustained interruptions to their lives connected to a multi-year water main replacement project in their neighborhood.

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