Top 5 Stories on Brownstoner This Week: The Brooklyn Housing Boom Is Slowing Down

Prospect Lefferts Gardens. Photo by Barbara Eldredge


    Yes, the Crazy Brooklyn Real Estate Boom Is Slowing — We’ve Got the Data
    Yes, it’s true, the mind-boggling Brooklyn real estate boom of the last three years slowed in the fourth quarter, just as real estate agents predicted. No, not everyone will agree, but the numbers have spoken. It’s great news for buyers, who could use a break, and not bad for sellers either, since prices are still climbing — just not as steeply as before.

    Brooklyn Heights Development Condo Pineapple Walk Cadman Plaza Whitman

    Pineapple Walk. Photo by Barbara Eldredge

    Co-op Shuts Down Proposed Development Deal for Luxury Tower on Pineapple Walk
    The residents of 75 Henry Street voted against exploring a developer’s offer of $130 million to build a controversial 40-story condo tower next door. Sensible decision? Or silly snub of cold hard cash? The shareholders of Whitman Owner Corp. -— members of the 75 Henry Street co-op that owns the land — voted 191 to 112 last week to not further consider proposals for developing their adjacent parcel running from Cadman Plaza West to Henry Street.

    Homes For Sale In Brooklyn

    5 Fab Brooklyn Homes for Sale Under $500K
    Not everyone’s a millionaire on the hunt for a classic brownstone. So we’ve put together a nice selection of co-op and condo units listed for less than $500,000. Some are small. More than one is a healthy walk from the train. But on the whole, there are some nice options out there.

    New York Tax Abatement

    Construction workers at a rally demanding prevailing wages in a 421-a renewal. Photo via The We Party

    Here’s What You Should Know About 421-a and Its Incredible Impact on Development in NYC
    Hated by many, beloved by some and misunderstood by most, the 421-a tax abatement expired on Friday after the Real Estate Board of New York and the Building and Construction Trades Council of Greater New York failed to come to an agreement regarding its extension. But what was the 421-a tax break? And why should you care?

    Canarsie Sears House
    This Sears Mail-Order Home Cost $1,652, Was Shipped to Canarsie on a Buggy

    Through its Modern Homes program, Sears, Roebuck and Co. sold some 75,000 mail-order houses between 1908 and 1940. One of them still humbly resides deep in the heart of Canarsie, over a mile from the nearest subway. “My family home in Canarsie is a Sears Modern Home,” a Brownstoner reader wrote us, saying the structure was “purchased through a Sears Catalog in the ’20s and sent in pieces via railroad and horse and buggy. Most of the original moldings and doors are still intact.”

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