A reader is considering purchasing a brownstone with no significant exterior detail and is wondering about adding ornamentation. Like the neighboring brownstone, the building doesn’t have a cornice, lintel or sill details and the owner suspects that it may not originally have had much adornment. Would it be odd to… Read More >The post From the Forum: Would You Add Architectural Details to a Plain Brownstone? appeared first on Brownstoner.
Brooklyn ReaderReport: Brooklyn's High-End Brownstone Real Estate Market DecliningBrooklyn ReaderAfter a decade of exploding sales, the market for high-end brownstones in New York is slowing down, according to recent report of the Financial Times. Records taken from the fourth quarter of 2016 underscore this trend: the quantity of Brooklyn …
Rick Rosan’s Oak Tree Residential and Management is in contract to pick up an 18-building Brooklyn multifamily portfolio from ZT Realty for $76 million, or roughly $435 per square foot, sources told The Real Deal. The 174,380-square-foot portfolio holds 207 rental apartments in central and north Brooklyn neighborhoods such as Williamsburg, Bedford-Stuyvesant and Crown Heights. Of the apartments, 123 are rent-stabilized. The purchase is a big move for Rosan, who served as the CEO of
The Gowanus Canal is notorious for being one of Brooklyn’s (and the nation’s, for that matter) most polluted sites. In the midst of a major EPA cleanup, it’s identified as both a major source of blight and a development opportunity. Brooklyn has a number of polluted sites, some of which… Read More >The post Learn How Superfund Sites Impact Brooklyn’s Development Future appeared first on Brownstoner.
BrownstonerTop 10 Brooklyn Real Estate Listings: 19th Century Gothic Charmer, Detail Packed BrownstoneBrownstonerHistoric homes were the name of the game this week — Brownstoner readers were looking for homes with some vintage Brooklyn character. Among the most popular listings were houses by prolific Brooklyn architects Amzi Hill and Benjamin Dreisler and a …and more »
Son of Manhattan developer drives Mercedes into supermodel’s house The 21-year-old son of Gregg Wasser, owner of commercial developer G&S Investors, crashed a 2006 Mercedes-Benz into a Water Mill home late Saturday night, according to the East Hampton Star. The wreck ignited a blaze that firefighters battled for three hours. The Hayground Road house belonged to model Sasha Pivovarova — best known as the longest appearing fashion model for Prada — who lives with her husband, … more
A reader is looking at purchasing a property and is concerned that it has an open violation. They discovered the property has a 2008 Environmental Control Board (ECB) violation related to a retaining wall. The seller’s agent speculates that the issue was taken care of by the seller and the… Read More >The post From the Forum: Should a Buyer Avoid Properties With ECB Violations? appeared first on Brownstoner.
BrownstonerSave the Date! Brownstoner Real Estate Conference Happens May 3BrownstonerBrownstoner is your source for info about the past, present and future of Brooklyn — and now events for those in the real estate industry. The Brownstoner Real Estate Conference will take place on Wednesday, May 3 at Weylin in association with the …
U.S. private fund managers are doubling down on debt, but some observers are worried they might be underestimating the risks. Last year, the total sum raised by real estate debt funds rose to $20.4 billion, from $12.2 billion in 2015, according to research firm Preqin. The appeal of issuing debt is that it protects investors against falls in property values because equity holders take the first hit. “Prices are really, really stretched,” pension fund Kentucky … more
Neighborhood tiger moms and dads, rejoice! Mathnasium, a math tutoring center, will be moving into the empty space on Pineapple Walk that used to be home to Heights Kids. The recently-posted sign on the window says Mathnasium will be opening this spring.The space has been empty since last July, when the neighborhood collectively grieved over the loss of Heights Kids. Ever since, parents have been forced to wander the toy desert for blocks and blocks to pick up that last-minute birthday party gift. Still, no oasis has been found …
Brownstoner is your source for info about the past, present and future of Brooklyn — and now events for those in the real estate industry. The Brownstoner Real Estate Conference will take place on Wednesday, May 3 at Weylin in association with the Real Estate Board of New York (REBNY). The event… Read More >The post Save the Date! Brownstoner Real Estate Conference Happens May 3 appeared first on Brownstoner.
Guido Subotovsky’s Azimuth Development Group is teaming up with the Upper Manhattan Development Corp. to build a trio of apartment buildings in the South Bronx that will bring 275 rental apartments to the neighborhood. The three buildings will have addresses at 707 Concourse Village West, 702 Grand Concourse and 180 East 156th Street, according to plans Azimuth filed with the city’s Department of Buildings. The Upper Manhattan Development Corporation owns the properties, two of which … more
Here’s an 1850s transitional Greek Revival-Italianate style townhouse in prime shape, which offers a spacious owner’s triplex with plenty of original details over a garden rental. It’s in the Fort Greene Historic District at 346 Carlton Avenue between Lafayette and Greene avenues, close to the Lafayette C train stop. The double… Read More >The post Fort Greene Townhouse With Ornate Cornices, Marble Mantels Asks $3.7 Million appeared first on Brownstoner.
Financial TimesBrooklyn's brownstone market falters, but bargains are still rareFinancial Times“For many people, a Brooklyn brownstone is still the quintessential piece of urban real estate,” says Morgan Munsey, an estate agent at Halstead who specialises in such properties. “Because of their size and history they create a slice of suburban …
StreetEasy is challenging the Real Estate Board of New York’s accusation that its new “premier agent” feature violates state advertising laws. In a letter addressed to the Department of State seen by The Real Deal, StreetEasy attorney Steven Shepard said REBNY’s characterization of the feature is “incorrect” and that the feature is perfectly legal. Earlier this month, REBNY asked New York regulators to look into the pay-to-play program, which it said infringed on a regulation … more
A renovation in a four-family home is leading to some homeowner questions about the code requirements for common stairs. The project architect says that there must be a common staircase going all the way up to the roof, but the homeowner believes code would allow for a common staircase to… Read More >The post From the Forum: Is Common Staircase Access to the Roof Required in a Multi-Family Dwelling? appeared first on Brownstoner.
BrownstonerBrooklyn Real Estate: Gothic Charmer, Detail Packed Brownstone …BrownstonerBrooklyn Real Estate: Brownstoner readers wanted their homes with some age to them this week, like a fine wine.and more »
From LLNYC: The Old Saybrook, Connecticut estate built for Katharine Hepburn and her family in 1939 is back on market as two separate lots asking a total of $17.7 million. more … more
Historic homes were the name of the game this week — Brownstoner readers were looking for homes with some vintage Brooklyn character. Among the most popular listings were houses by prolific Brooklyn architects Amzi Hill and Benjamin Dreisler and a picturesque 1879 gothic mews house in Cobble Hill. The… Read More >The post Top 10 Brooklyn Real Estate Listings: 19th Century Gothic Charmer, Detail Packed Brownstone appeared first on Brownstoner.
Tiny houses, largely speaking, are exercises in twee adorableness. Not this one. This tiny house is metal. This tiny house is black. This tiny house is suspended under an old railway arch in the Czech Republic. Need we say more? Czech Republic-based firm H3T Architekti is done with miniature Victorians and minuscule minimalist abodes. Instead, the firm has designed a tiny house more suitable for a witch than a ukulele busker. Dubbed “Black Flying House,” … more
We previously noted that the Brooklyn Heights Association, citing new information from the City’s Department of Finance concerning valuation of existing properties on park land, was going forward with its lawsuit to prevent construction of two residential towers near Pier Six and the Atlantic Avenue entrance to Brooklyn Bridge Park. Curbed now reports that the Brooklyn Bridge Park Corporation has responded with a post on the Park’s website and a February 28 letter to the court. The Curbed story says the BBPC’s interim President, David Lowin, maintains that “the numbers BHA drew from only represent one year of incomplete valuations, and don’t present enough data to …
Ultimate DOB Insider, Whiz Expediter/Engineer Scott Schnall Loses Filing Privileges Arguably the most famous expediter-engineer in the city, Scott Schnall, lost the right to file with the Department of Buildings in late February and now hundreds of projects in Brooklyn are in limbo. _ Police Raid Notorious Clinton Hill Drug and Gun Hotspot,… Read More >The post Top 5 Stories on Brownstoner This Week: DOB Insider Loses Filing Privileges, Clinton Hill Raid appeared first on Brownstoner.
From the Long Island Market Report: Opportunity is scarce for companies looking for industrial or office space on Long Island, leading to bidding wars between would-be tenants, many of whom are looking to move east from New York City or other parts of the Island. more … more
A homewoner is nearing the end of a reno and is at a stand-off with the general contractor over the need to open up a wall for inspection. The structural engineer is refusing to sign-off on the project until a wall is opened so a welding can be inspected. According… Read More >The post From the Forum: What Should You Do When Your Contractor Refuses to Open a Wall for Inspection? appeared