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DONE DEALS: A condo sold at a princely price
07
Corcoran’s Leighton Candler Team is in contract to sell a $12 million condo at 27 East 79th Street. The 3,000 s/f duplex unit has five bedrooms and five
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Swedish investors settle in for the long haul
07
Swedish investor Akelius, a relatively new arrival in New York City, has added a $125 million portfolio of Brooklyn properties to its US portfolio.
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Queens no longer an investment wallflower
08
Bargain-hunting investors have driven pricing in Queens to new heights and the search for ROI is leading to wallflower neighborhoods that include Sunnyside
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Downtown Brooklyn area to get $10 million worth of improvements
07
By Sabina Mollot Brooklyn’s downtown area will be getting a $10 million boost through a state award program announced by Governor Andrew Cuomo last week.
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Brennan leads Engel & Volkers charge into Brooklyn market
07
Engel & Völkers announced its entrance into the Brooklyn market with the opening of three new shop locations led by Donald Brennan. Brennan has spent
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Is Brooklyn’s bubble bursting?
07
Prices have fallen across all unit types except for co-ops. The housing reports are in, and the challenging market in Brooklyn has continued along a trend
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KDA closes 18,000 sf studio lease in Williamsburg
07
Kalmon Dolgin Affiliates (KDA) has arranged a new, 18,000 s/f long-term lease at 349 Scholes Street in East Williamsburg for Dock Studios, a provider of
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Investor refinances Brooklyn multifamily portfolio
07
Greystone, a real estate lending, investment, and advisory company, provided a total of $11,727,000 in Fannie Mae loans to refinance a portfolio of multifamily
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Three-building Carroll Gardens residential package hits the market
08
A portfolio of three buildings in Carroll Gardens, Brooklyn has hit the market with an asking price of $21.5 million. The properties, with the addresses
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Bridging the gap: Brooklyn and now The Bronx giving Manhattan a run for its money
07
By The PropertyClub TeamBack in 2010, Manhattan was home to the 10 most expensive zip codes in the city. Today, that top 10 is split with Brooklyn.
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Kings of the Castle: Brokers believe Brooklyn is back as numbers inch up
07
Home sales in Brooklyn have mirrored those in Manhattan recently, where the market is still correcting itself. But there are signs of better days ahead.
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New Development: Bushwick mega-project complete
08
● All Year Management Bushwick mega-project complete After five years of design and construction, All Year Management has completed Denizen Bushwick, a 1.