Overall, growth continues in the Brooklyn housing market as sales continue to rise in the first quarter of 2021, according to a new report from Douglas Elliman.
If you were a celebrity, where would you want to live? Brooklyn is a nice little hideaway, and a couple mil goes much farther here than in, say, Manhattan.
In 2015, Nets player Thaddeus Young joined the swelling ranks of celebrities who call Brooklyn home, while Girls star Zosia Mamet hightailed it back to Manhattan after a short stint in Bushwick.
You might think it’s impossible, but decent two-bedrooms priced under $650,000 do indeed exist in our fair borough. Sure, the four we’re highlighting here are slightly far afield — in Bed Stuy, Prospect Lefferts Gardens, and Crown Heights — but the quartet is modern, clean, and move-in ready.
Which would you choose?
One of Clinton Hill’s most notable eyesores — a landmarked but completely messed up prominent corner property at 109 Gates Avenue — has sold and will be fixed up soon.
No Sleep Till — you get over ask?
Lightstone Group has just sold part of its enormous Gowanus luxury rental development to New Jersey-based developer Atlantic Realty Development for $75,000,000, according to public records, The Real Deal reported. Construction along the Gowanus Canal’s shore at the two-block site on 363-365 Bond Street has been topped out for sometime.
Atlantic Realty will be partnering with Lightstone in “finishing this community,” according to an Atlantic spokesperson who spoke with The Real Deal. The newly involved development firm has acquired a 12-story, 268-unit section of the 363 Bond Street development.
The luxurious, Neo-Grec townhouse at 126 Hancock Street in Bed Stuy has been snapped up for $2,950,000. The broker, Peter Gordenstein of Corcoran, just revealed the sale to Brownstoner, which closed Monday, adding, “This is the highest price for a townhouse in Bed Stuy to date!”
The price falls just short of the $3,000,000 paid for the five-story 242 Gates Avenue last year. But it’s still a significant fee for a home in the area, which has seen a steep increase in prices in the past several years.
Records indicate that the sellers, developers Sam Stern and Casey Schear, bought the home in 2012 for just $360,000. According to Gordenstein, the pair then spent the next two years renovating the four-story home.
Bushwick’s mural-covered house at 104 Central Avenue, which seems to have launched a trend of colorful facades in Bushwick, has been sold as a development site and will be razed. The sale closed last week for $1,285,000 but has not yet hit public records.
Seller and local business owner Jeremy Sapienza was fed up with Bushwick and saw opportunity in soaring property values. He and partner Luis Velazquez plan to close the last of their two Florida-style Bushwick cafes Sunday, they announced via Facebook Wednesday.
“We’re closing because I haven’t made a dime in two years, Bushwick is a nightmare on earth full of obnoxious yuppie brats, and I’m tired. Maybe that’s not a nice angle, haha,” Sapienza told Brownstoner.
Manhattan-based Sun Wansam Realty Corp. has bought a rental building at 100 Luquer Street in Carroll Gardens for $21,100,000. The elevator building has 11 stories and was built in 2011 as condos, but opened as a rental building, The Real Deal reported. Its 20 units are occupied.
In July, a Brownstoner reader tipped us off to the sale of the final Puccio Marble & Onyx building at 661 Driggs Avenue in Williamsburg. The source, who asked to remain anonymous, said the building sold “for a ridiculous amount of money.”
Indeed, public records now show that the buyer of the two-story commercial structure, Brooklyn Rose LLC, paid $5,666,376 to two members of the Puccio family last month. While it’s certainly not a high price in absolute dollars, it’s up there in price per square foot: $1,049.32.