80 Dekalb Tops Out
Our invitation must’ve gotten lost in the mail, but word on the street is that Forest City Ratner is throwing a party today to celebrate the topping out of its 365-unit rental tower at 80 Dekalb Avenue. The building should now be a total of 36 stories. Assuming they’re priced reasonably, we suspect there will…
Our invitation must’ve gotten lost in the mail, but word on the street is that Forest City Ratner is throwing a party today to celebrate the topping out of its 365-unit rental tower at 80 Dekalb Avenue. The building should now be a total of 36 stories. Assuming they’re priced reasonably, we suspect there will be good demand for these places, given the rather convenient location.
Development Watch: 80 Dekalb Facade Spreading [Brownstoner]
A Touch of Glass for 80 Dekalb [Brownstoner] GMAP P*Shark DOB
Development Watch: 80 Dekalb Reaches 25 Stories [Brownstoner]
Development Watch: 80 Dekalb Avenue Halfway There [Brownstoner]
Development Watch: 80 Dekalb Avenue [Brownstoner]
Taxpayers Paying Up for Downtown Rental [Brownstoner]
Development Watch: 80 Dekalb Avenue [Brownstoner]
80 Dekalb Avenue: Get Ready for Take-Off [Brownstoner]
there were about 930K housing units in brooklyn last census.
Building permits in boom years got up to 8800. That is less than 1% of existing units. Now permits have plunged and although we will be getting CofOs now for the boom years not much will be coming down pipeline after that.
Also remember that a certain # of housing units will become obsolete(taken out of service) each year – especially older stock like NYC. at less than 1% a year in new construction will hardly cause a major glut….minor? yes, in recession like now…but won’t last long and increase in # of units could make things a little more affordabel. Just a little.
Dreaming that will become low income housing is delusional.
I agree DH, but think that there is a shortage of higher-quality rentals in most of Brooklyn currently. That is for renters that want good amenities and don’t want to pay a broker fee or live effectively in a brownstone owner’s basement. Maybe not after a few more condos convert, but there is very little now in that market.
The slew of buildings here will put pressure on the lower end of the rental market in BK and compete favorably with the Financial District in Manhattan.
Folks;
Here’s a data point for you. The “sliver” tower on the corner of 4th Ave. and Carroll, much-mailigned on this site, is now fully occupied with renters.
FSRQ: get with the program, as such:
-Bruce Ratner: evil developer. We are proud that we were not invited to his party.
-Shallow, celebrity and status-obsessed “Real Housewife of NY”: Worth attending their house show-off party, complete with photo spread.
Of course no one will say how attractive this building is because it is by Ratner…so I will – very nice
Really curious to see how these will be priced as rentals. There’s going be 3-4 rental towers in this area, as well as whatever doesn’t sell in Toren, and that ugly one in Ft Greene (i forget the name)
with all this inventory, and rents falling in manhattan, they really need to be realistic if they hope to get any tenants.
“Good. We are still a city with a massive housing shortage.”
??????????????????????????????????????????????????????????????????!!!!!
Did you “get out” Snarky??? Maybe this weekend take a walk to Downtown Brooklyn and Look Up! I think the shortage problem has been solved.
> “I’m willing to bet this project started as a Condo and went south!”
And you lost that bet. This building started as a rental. You might know that if you actually read the articles before posting.
Trust me! This thing started as a Condo!
Asshats can’t give up!
The What
Someday this war is gonna end….
> These Condo/Rental Clusterf****s will put massive pressure on
> Brooklyn’s rental market!
Good. We are still a city with a massive housing shortage.
> “I’m willing to bet this project started as a Condo and went south!”
And you lost that bet. This building started as a rental. You might know that if you actually read the articles before posting.
All three of the ones I mentioned in the first post were meant as rentals from inception. As for what your saying about the condo market, I’d rather have put money money in NY real estate over any stock or 401k investment.
> “These Condos will NEVER sell and will turn into rentals!”
Please read the comment above, Einstein: “365-unit rental tower.”
You missed the point! These Condo/Rental Clusterf****s will put massive pressure on Brooklyn’s rental market! How many of these units are coming online?????!!!! I’m willing to bet this project started as a Condo and went south! If you own a Condo or a Brownstone I’ll bet you are sh*ting in your pants right now. This fall will be very different…
The What (Big Picture)
Someday this war is gonna end…