Articles on Brooklyn Real Estate

Mostly Rentals, Growing Williamsburg Condo Market Is Largely Untapped

Williamsburg is continuing a run of totally new constructions, particularly in condos and hotels, which may ultimately be attributed to the neighborhood’s individual branding over the past years and its consequently shifting demographics.

New Towers to take over Downtown Brooklyn

Junior's, Downtown Brooklyn

One of New York City’s largest central business districts, Downtown Brooklyn, is on the rise, literally and figuratively. Known mainly as a commercial region, this area has been going through some major transformations over the past ten years. Some of the most noticeable changes include the addition of many residential high-rises. According to the Brooklyn Daily, director of real estate and planning in Downtown Brooklyn, Alan Washington states, “The fabric of a great urban environment is when people get to live, work, and play in the same area.” The goal of these transformations is to build more residential developments, along with creating some of the tallest and largest buildings Brooklyn has yet to see.

Brooklyn Bridge Park Developments Break Sales Records

Brooklyn Bridge Park

Developments around the Brooklyn Bridge are hitting it out of the Park, literally. New Construction developments in Brooklyn Bridge Park are breaking sales records in the borough.

A Tourism Industry Grows in Brooklyn

It goes without saying that if you’re a tourist in New York City, chances are your visit will be confined to Manhattan and you won’t think to visit any of the other boroughs. This may soon change, for Brooklyn at least, as the borough is stepping up to challenge the Manhattan-centric tendencies of tourism through an upcoming tourism website named ExploreBK. While Brooklyn already has a tourism website run by the office of the borough president, VisitBrooklyn, the new ExploreBK website is the brainchild of the Brooklyn Chamber of Commerce and Hybrid Media, a private Brooklyn-based company. ExploreBK will target visitors to New York unfamiliar with the entertainment and culture that Brooklyn offers through advertising events and activities throughout the borough.

REBNY Reports Record High Sales in Outer Boroughs

With all those mega high-rises going up in Manhattan and on the newly tapped waterfront areas, it’s easy to forget about New York City’s outer boroughs and the many neighborhoods throughout. We already know that places like Williamsburg and Long Island City are hot markets, but a recent report released by the Real Estate Board of New York (REBNY) shows that they aren’t the only popular neighborhoods. While Williamsburg and LIC are doubtlessly contributing to the popularity of Brooklyn and Queens, other areas have helped contribute to a 6-year high in home sales. 

Brown Is The New Black: Brooklyn Brownstones 2.0

Brooklyn Brownstone 2.0

Brownstones are an indelible feature of New York City’s distinct architectural landscape. New York City has the largest compilation of brownstones in the United States—by far. They are the primary residential units in Bedford Stuyvesant and the Upper West Side. Harlem, Queens, and the Bronx also host a swath of the iconic homes. Brooklyn, in particular, is defined by its brownstones. They line the streets of Fort Greene, Park Slope, Prospect Heights, and Cobble Hill, and are scattered in bundles from Greenpoint to Red Hook. Many of these brownstones are now the most desirable (and expensive) properties in the borough.

Brooklyn - History and Revival

Historic Brooklyn Waterfront

Brooklyn, or New York’s other face ... It all started out in 1636 as the Dutch began to buy lands across the East River. Six small Dutch towns saw the light, among them “Breuckelen,” which was named after a small village in the Netherlands. The English soon took over and renamed these six towns as “Kings County” in 1664. Kings County’s streets have witnessed the Revolutionary War, and were occupied by British troops until the Treaty of Paris was signed in 1783. The county then enjoyed the proximity of New York City in the nineteenth century, with urbanization and industrialization taking precedence as more immigrants started to settle in the borough.

Low Inventory Levels Cause Prices in Brooklyn to Shoot Up

Low Inventory Levels Shoot Up Apartment Prices in Brooklyn

Brooklyn, long seen as the less expensive New York borough when compared to Manhattan, could soon be losing that reputation as prices for apartments in the borough shoot through the roof thanks to a market that’s running short of inventory. Although there’s a lot of demand for homes in Brooklyn, home hunters in the borough are finding that there just aren’t enough vacant apartments for them to move into, thereby giving sellers the upper hand in an increasingly tight real estate market.

Tracking The Rising Prices in Brooklyn

2004 - 2012 - Brooklyn Home Prices

The people behind the PropertyShark Real Estate Blog have put together an interesting infographic comparing the home prices in all Brooklyn neighborhoods from 2004-2012. Breaking down price fluctuations by neighborhood, the data has some no-brainers but also some numbers that are going to make you do a double take!