Brooklyn
Bigger Plan for 144 West St, Thanks to Renewed 421-A
A partnership including Caspi Development borrowed an extra $2.256 million from Pembrook Capital Management to finish a six-story apartment building… Read more
$218-Per-Buildable-SF for Flatbush Development Site
A developer paid $9.95 million for a two adjacent houses at 94 and 100 Lenox Rd. in the Flatbush neighborhood… Read more
NYC Apartments Give Up the Rent Gains of Summer
More than a third of Manhattan rental apartments (34%) and nearly a third of rentals in both Brooklyn and Queens… Read more
$76M to Build on LIU’s Athletic Fields at 161 Ashland Pl. in Downtown Brooklyn
Developer RXR Realty has paid Long Island University $76 million for the development rights to build a new, 34-story apartment… Read more
Another Apartment Owner Jailed: Daniel Melamed Gets 20 Days at Rikers
Brooklyn real estate developer Daniel Melamed was locked up January 25, 2018, after State Supreme Court Justice Danny Chun ordered… Read more
Development Site Already Approved for 22 New Apartments Sells for $2.1M
A local developer paid $2.1 million for a site at 3116 Clarendon Rd. in the Flatbush neighborhood of Brooklyn. The… Read more
Worst Cities in U.S. for Falling Apartment Rents Include Manhattan, Brooklyn
The five places where apartment rents fell the most in 2017 include Manhattan and Brooklyn, where in both markets, rents… Read more
ColoGuard Data Center and “Carrier Hotel” Comes to Industry City
ColoGuard has opened a new data center and “carrier hotel” facility at Industry City, a six-million-square-foot mixed-use office, industrial and… Read more
New York City’s Hottest Neighborhood Revealed: New Research From PropertyShark
East New York will continue to be the hottest neighborhood in New York City, according to the 2018 Market Predictions… Read more
Lawsuit to Stop East Harlem Rezoning
New York just passed a sweeping re-zoning of East Harlem in December 2017. Now, tenant advocates are suing to wipe… Read more
Developers Plan to Renovate 1,700 Crumbling Public Housing Apartments
The New York City Housing Authority (NYCHA) has picked three more developers to help renovate 1,700 public housing apartments spread… Read more
$463K-Per-Apartment for Brick Building in Greenwood Heights
A local investor paid $3.7 million for a four-story building with eight apartments at 337 18th St. in Brooklyn’s Greenwood… Read more
MaryAnne Gilmartin Launches New Development Firm with L&L
MaryAnne Gilmartin is leaving Forest City to found L&L MAG, a new development firm she’s launching with David Levinson and… Read more
$317K-Per-Apartment for Rent-Stabilized Buildings in Gravesend and Kensington
The Hertz family paid $46 million for a portfolio of three properties with a total of 145 rent-stabilized apartments in… Read more
Brooklyn Pro McNally S. Lee Promoted at Ariel
McNally S. Lee has been promoted to Director of the Investment Sales Division at Ariel Property Advisors on the firm’s… Read more
Chase Bank Comes to Williamsburg
Chase Bank has leased about 8,000 square feet of space at 180 Bedford Ave. in Brooklyn’s Williamsburg neighborhood. “180 Bedford… Read more
Investor Pays $365K per Apartment for 291 and 292 Lincoln Pl
An undisclosed investor paid $17.9 million for 291 and 292 Lincoln Place, two adjacent buildings with a total of 49… Read more
$375-per-developable-SF for Greenpoint Site at 167-169 Eagle St
Anthony Morena of Mortar Architecture and Development paid $3.751 million for two adjacent, vacant residential buildings at 167-169 Eagle St.… Read more
$92M Permanent Loan for The Parkline in Prospect Lefferts Gardens
The Hudson Companies borrowed $91.8 million in permanent financing from MUFG Union Bank for The Parkline, a new 254-unit apartment… Read more