Brooklyn Building Boom Healthier in 2008 than 2007
Only three new building permits were filed in Manhattan in September, reports the Real Deal, but according to Property Shark, things aren’t quite so bad over here. They sent us these screen shots breaking down Brooklyn permit data from the first nine months of 2007 and 2008, organized by zip code. Cypress Hill, 11208, saw…

Only three new building permits were filed in Manhattan in September, reports the Real Deal, but according to Property Shark, things aren’t quite so bad over here. They sent us these screen shots breaking down Brooklyn permit data from the first nine months of 2007 and 2008, organized by zip code. Cypress Hill, 11208, saw the largest number of permits filed — 243 — 7.5 percent higher than last year. After than came zip code 11211 (they call it East Williamsburg but it covers all of hipster-land as well) with 226 new building permits, 107.3% more than last year. In general, building permits were up in the borough. The only thing that went down was the number of demolitions: there were 555, 10.6 percent fewer than last year.
and # of building permits does not = # of housing units(single fam vs. highrise – each building has 1 permit)
And permits are issued for buildings that aren’t residential so wouldn’t read too much from these stats.
a lot of these were started to get in on the tax abatement i think.
dow – see comment above yours
More permits are proportional to more price drops. Supply up, demand down. Love it.
building permit does not equal building. lots of permits, little financing.
StuyMom..I think it includes renovations to existing bldgs. I can’t imagine 243 new buildings in Cypress Hills. I could be wrong though.
Forgive my ignorance, but do these permits cover renovation of existing buildings, or just new construction?
Some of this may have been driven by developers getting permits approved under the old building code. The new code became effective July 1st.
This shows the top 15 zip codes for permits in Brooklyn, which is why 11216 is not listed.