According to New York City Records, the median price for an apartment in Brooklyn in the month of January was $750,000. The price represents a 9.63% decrease from last year’s median price of $830,000. The number of year-over-year sales decreased from 566 to 542, representing a 4.24% drop. What exactly does $750,000 get you in Brooklyn? Let’s have a look. Apartment 1-I at 42 Maspeth Avenue is a ground-floor one-bedroom 690 square ...
Read MorePermits have been filed for a 12-story mixed-use building at 563 Sackett Street, in Gowanus, Brooklyn. The property is located at the north side of Sackett Street between Nevins Street and Third Avenue, about one block east of the Gowanus Canal. The proposed 135-foot tall development will total 258,599 square feet and include 214,427 square feet of residential space and a commercial component of 35,894 square feet. The development will also ...
Read MoreSelling New York takes on a whole new meaning when looking at residential sales for Manhattan in 2021. Linecity looked at the end-of-year numbers for the sale of apartments (condos and co-ops) and 2021 stands alone, easily eclipsing previous highs. The number of sales as well as the total dollar volume of sales more than doubled the 2020 numbers while setting new marks in almost every category of tracked sales. Total sales ...
Read More50 Bridge Park Drive, also known as Quay Tower, sits boldly at the edge of the East River and offers front row seats to the Manhattan skyline, New York Harbor and Brooklyn Bridge Park. The stylish structure is a modern craft of metal and glass awash in sunlight during the day and radiant with an exterior light display in the evening. Quay Tower is not only a freshly minted new development, ...
Read MorePermits have been filed for a 7-story mixed-use building at 218 Front Street, Vinegar Hill, Brooklyn. The property is located on the south side of Front Street between Gold Street and Bridge Street, just east of the mammoth Front & York condo development at 85 Jay Street. The proposed 74-foot-tall development will total 147,196 square feet and include 146,666 square feet of residential space and a small commercial component of 350 ...
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