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Brooklyn, NY Real Estate News

By Neil Gronowetter, Broker - Multifamily Apartment Building Complex
(Multifamily Investor)
Developer Bruce Ratner now has most of the cash he needs to build a new Nets arena in Brooklyn for his Atlantic Yards project. Ratner sold $511 million in tax-free bonds to pay for the arena. "The overwhelming support from investors is a good sign of confidence in this project and in the city," he said. Ratner had to beat the clock to sell the bonds because the IRS has barred using such tax-free financing for sports stadiums starting January 1, 2010. According to the developer, orders from institutional investors across the board were almost four times the supply of bonds, which generated $511 million at a 6.48% interest rate. Co-lead underwriters for the deal were Goldman Sachs and Barclays Capital. Earlier this month, the bond offering, issued through the Brooklyn Arena Local Developm...
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Buyer Broker In Demand by Candace Taylor: http://shrinkalink.com/33224. From November 2009 Article In Real Deal (New York City Real Estate Publication). In buyer’s market, brokers who represent buyers are taking on greater significance even in New York City which has almost always had a very strong sellers market. However in New York City and in particular the Downtown Brooklyn Market including Park Slope, Brooklyn Heights, Cobble Hill etc., the role of a Buyers Broker has it's own local idiosynchrasies. The article points out that that "Buyer’s Broker* in New York City do not like to advertise as such. Part of reason for secrecy is the "little dirty secret" that in NYC there is no such thing technically as “Buyer’s Broker” where the buyer pays the broker’s fee. In Manhattan & certain p...
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By Luke Constantino, Residential/Commercial Real Estate Brooklyn NY
(Brooklyn/Manhattan Real Estate)
Luke Constantino | Remax at The Slope | December 11, 2009 I know for a fact, in my industry, a lot of places have either cut back or went out of business. I saw a manager of a very well known mortgage company working in a Nathan's Hot Dog place recently (I knew it was him, I saw the name tag). The news keeps telling us things are getting better, but I don't think anyone's "buying" it. •·         Ann Taylor closing 117 stores nationwide. •·         Lane Bryant, Fashion Bug, and Catherines closing 150 stores nationwide. •·         Gap Inc. closing 85 stores •·         Foot Locker to close 140 stores •·         Wilson's the Leather Experts closing all 260 mall stores. •·         Linens ‘n Things closings: Is closing 120 stores nationwide •·         Pep Boys closing 33 stores •·         Del...
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By Luke Constantino, Residential/Commercial Real Estate Brooklyn NY
(Brooklyn/Manhattan Real Estate)
Luke Constantino | Remax@ The Slope | December 10, 2009 As we know in this business, we are dealing with people's lives. We try to make sure our sellers and buyers are satisfied at closing, but in this tough economic time, satisfaction is very hard to come by. If I am dealing with a short sale I don't even look at the seller, I just stay as professional as possible, run through my questions, have my documents signed as quickly as possible and go. I have a seller with a beautiful, energy efficient home that wasn't satisfied with the highest bid I got them. We were just about to go into contract $20,000 dollars below asking price. I took on a few other buyers for a possible back up offer, just in case the people who we were about to go into contact backed out. There was a couple I showed ...
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By Dan Shapiro
(Ditmas Estates LLC)
Tomasso Restaurant  1464 86th St. (cor. Bay 8th St. )Brooklyn, NY 11228            ph# 718-236-9883  Deep in the heart of Italian Brooklyn is Tomasso's restaurant. The food is real Italian, not like the fake Australian Outback steak house across the street. The lasagna had sausage, pork, beef. This is the way it's made in homes in Italy. Olive oil and basil is on the table to have with your crusty ethnic breads and the wine list is perhaps the best in Brooklyn. Special attention is paid to large groups. The prices go down with entrees in the 20's, as easily as a good Priorat(ferrer/bobet)05.  Most amazing is the wonderful singing voice of Tom Tomasso himself. He led us in a chorus of God Bless America that would make Kate Smith proud. On weekends he often performs with his staff.  For r...
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By Peter Twain
(Progress)
Charming 1 family house with Living Room, Formal Dining Room, Renovated Kitchen, Finished Basement w/separate entrance, Private Backyard,  Garage with parking space. Quiet tree lined Brooklyn street with access to public transportation, busy shopping area, parks and schools. Vacant for last two years and in need of TLC. Asking price is $575,000. Contact owner at 212-265-6580 for more information and/or to set up appointment. To directly access this property, use this shortcut: http://www.fizber.com/new-york-buy-single-family-home-11649158.html  
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By Marcia Kirtonx, Brooklyn, NY - EXIT Realty
(EXIT All Seasons Realty)
1 FAMILY, VICTORIAN, CURRENTLY USED AS BOARDING/ROOMING HOUSE. 5 BDMS, 3 BATHS. NO KITCHEN. KITCHENETTE IN BSMT. WOOD FLRS, PVT DWY, LG BKYD. NEEDS WORK. SUBJECT TO BANK APPROVAL FOR SHORT SALE. Marcia Kirton | EXIT All Seasons Realty | 917-826-0342 481 East 21st Street, Brooklyn, NY SHORT SALE: Submit Your Best Offer!!! 5BR/3.5BA Single Family House offered at $379,000 Year Built 1899 Sq Footage 1,875 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 3 Parking 3 Lot Size 3,200 sqft HOA/Maint $0 per month DESCRIPTION 1 FAMILY, VICTORIAN, CURRENTLY USED AS BOARDING/ROOMING HOUSE. 5 BDMS, 3 BATHS. NO KITCHEN. KITCHENETTE IN BSMT. WOOD FLRS, PVT DWY, LG BKYD. NEEDS WORK. SUBJECT TO BANK APPROVAL FOR SHORT SALE. see additional photos below ADDITIONAL PHOTOS Photo 1Photo 1Photo 2Photo 3 Contact ...
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By Neil Gronowetter, Broker - Multifamily Apartment Building Complex
(Multifamily Investor)
Jamestown Properties, a German-backed investment firm located in Atlanta, purchased a mostly completed luxury high-rise condominium in downtown Brooklyn, New York, for an undisclosed sum. The 246-unit condo, named be@Schermerhorn, located at 189 Schermerhorn Street, was the fourth branded condominium project from SDS Procida Development Group, headed by Louis Greco and Mario Procida. SDS will continue to manage the property. Construction at the high-rise apartment complex in downtown Brooklyn has resumed. Perhaps surprisingly, Jamestown Properties said that he development will remain a condominium. Be@Schermerhorn is the latest development in the downtown Brooklyn area to go through a workout. A few months ago, 30-story luxury condo Forte was taken over by its lender Eurhypo Bank. James...
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By Peter Twain
(Progress)
East elmhurst homes for sale by #agent#, NY (New York) real estate for sale by #agent#, East elmhurst real estate, NY (New York) homes, buy home in East elmhurst, NY (New York). To directly access this property, use this shortcut: http://www.fizber.com/new-york-buy-single-family-home-11647221.html
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By Peter Twain
(Progress)
Looking for Condo/Townhome/Co-op in Brooklyn NY? Brooklyn, New york (11216) Property Pics, Map and Neighborhood Info. We have 1 million Real Estate Properties For Sale in US. To directly access this property, use this shortcut: http://www.fizber.com/new-york-buy-condo-townhome-co-op-home-11647232.html
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By Peter Twain
(Progress)
Homes For Sale By Owner in Brooklyn. Trusted New york FSBO website. For Sale: 717 prospect place, Brooklyn, NY, 11216 - Pics, Description, Map  and Neighborhood Info. To directly access this property, use this shortcut: http://www.fizber.com/new-york-buy-condo-townhome-co-op-home-11647233.html
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By Dan Shapiro
(Ditmas Estates LLC)
Mimis Hummus1209 Cortelyou Rd(between Westminster Rd & Argyle Rd)Brooklyn, NY 11218(718) 284-4444     There is somethimg delightful about Mimis Hummus. Although the food is good and there is enough variety among the middle eastern dishes for a vegetarian or a carnivore, There is something intangible, that shines through. The tangibles ( food)  are good and inexpensive with main courses for under $ 15 and lots of salads and sides that can be upgraded to mains. Some of the combination salads are definitely worth tryiog for example I had a salad plate of roasted beets, white beans and hummus, which could have beeen a meal by itself  It could be the intangibles (ambiance, helpful, friendly young ladfies eager to help or the new wave, music background, some of it original works), but there s...
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By Eric Middleton, Professional Property Inspector
(Closer Look Property Inspections Inc.)
 The Electrical System is another important part of a residential home inspections for Brooklyn, NY home buyers. One of the first areas that is inspected is the incoming service. Above ground cables that come from the utility pole connecting to the service entrance conductors of the house is called a Service Drop.According to the National Electrical Code (NEC) these above ground cables must have a minimum clearance of three feet from windows that open, doors, porches, balconies, ladders, stairs, fire escapes, or similar locations. During a Brooklyn, NY home inspection, the inspector will check that the service entrance cable is the proper height above the ground and that it has the required minimum clearances. For example, on sidewalks the minimum height of the cables is 10 feet, drivew...
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For sale, 1 BR condo, fully renovated, spacious, Sheepsheadbay, low maintenance ($312), low state property tax, pet friendly, 5th floor, great building, new elevator, many closets, new kitchen and bathroom appliances, new plumbing, beautiful granit countertop, granit island and granit backsplash, kitchen with a window, close to stores, close to public transportation. Bedroom is a corner unit with 2 big windows and spacious closet. New cherry hardwood floors. New A/C units. Condo not on MLS. Why buy a coop for a similar price when you can own your apartment. Private showing for serious potential buyers and brokers with actual clients interested in similar apartments only. If you are a broker, please indicate so in the subject of your email. Otherwise the email will be deleted. To directl...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
Coney Island Brooklyn New York  --  Thoughts from a New York Feng Shui Consultant  Coney Island Brooklyn New York. If you've never been there, you might want to see what it looks like.  If you've visited, you might want to re-visit one last time.  Much of Coney Island in Brooklyn New York has been rezoned and in 2010 many of the familiar places will be gone.  To those of us that have visited there since we were young, they are historic.  Many historic sites in New York are gone-in the name of "Progress." As of this writing, it is a stalled project and people are fighting to retain Astroland, just as it is.  I did hear the famous Cyclone Roller Coaster will survive.  Many other rides and attractions won't.   Brooklyn New York It will surely change the face of this part of Brooklyn New Yo...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
The Original NATHAN’S in Coney Island Brooklyn New York   Is Nathan’s in Coney Island Brooklyn really world famous as the sign proclaims?  Or do I just believe it because I’ve grown up in New York and am used to seeing the Hot Dog eating contests every year?   To many of us in New York, Nathan’s Hot Dogs ARE famous.  And this is a landmark building.  While growing up on Long Island, extra special times always called for a trip to Coney Island NY.  Nathan’s was always a stop on that list.   Much of Coney Island in Brooklyn NY will be gone after this year.  Although Nathan’s will remain, other landmark places will be torn down.  It’s a shame, losing more of New York History that we should try to preserve.   And I can’t help but think about Hot Dogs without remembering Bruce Bourgault.  T...
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By Gaye Granice, Associate Broker
(Robert Defalco Realty)
Why Pay Rent?  This very affordable Coop is in a lovely building in the heart of Bay Ridge.  You are close to shopping, transportation and Shore Road where you can relax and enjoy the ocean.  This one bedroom is spacious and in a very quiet location.  Priced affordably at $209,000 and with much of the maintenance fee as a tax write off.  Call Gaye at 917-575-0583 for your private showing.  Gaye Granice, Associate Broker Appleseed Realty, GMAC 917-575-0583
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      Copyright © 2009.  By Rosalinda Morgan, "The Rose Lady".  All rights reserved.. *WORDLESS WEDNESDAY - A BED OF KNOCKOUT ROSES AT BROOKLYN BOTANIC GARDEN, NY* If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".  Ph - 516-385-0584 Email - linda@rosalindamorgan.com Website - www.rosalindamorgan.com  
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By John Manrique
(Appleseed Homes )
We've all been there before, and many of us have said if I only knew! Well, it's that time again! Prices are in most respects are lower than they have been in the last 10 years, couple that with the low interst rates and you have a Perfect Buying scenario.. And if by chance you happen to be a first time buyer or havent owned property in the last 2 years you also qualify for the $8,000 stimulus tax credit, but only if you close on the property before December 1st, so the clock is ticking...... Don't be the one to say if I only knew, when 5-10 years from now the prices have begun to increase (which we all know is just a matter of when not if, like the history trends have shown us).Real Estate still is and will continue to be the BEST investment a person can make. So hop to it and get off ...
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By Eric Middleton, Professional Property Inspector
(Closer Look Property Inspections Inc.)
The borough of Brooklyn has many different types of houses, such as brownstones, limestones and tudors. The value of a home inspection for Brooklyn buyers, and even sellers, is priceless. Why? Most of the houses here are old, in some areas more than 70-100 years old. Maintenance, repairs and upgrades are needed and could be costly. A home inspector will be able to identify areas that need attention. Many homes I inspected had structural issues such as large exterior cracks. Not all cracks are of concern, but some are.                                             There are also plumbing issues from old plumbing pipes in basements and attics that can go undetected. A good and careful home inspection will find these problems and advise you on the steps needed to repair or replace the items ...
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