After a Mayor Mike-presided a groundbreaking for the then-dubbed Triangle Court in 2011, the rental project faded from memory until construction began in earnest earlier this year. Why? Mostly because, as a former gas station, the brownfield site required a lot of decontamination work before the angular 52-unit structure, designed by Koh Architecture, could safely [...]
‘Blogs’ in Press Archives
Skyrocketing land prices combined with a continued inventory shortage meant that residential developers cranked up prices for new apartments in Manhattan in the third quarter of 2013. The median sale price of a new construction condominium jumped 15 percent in the third quarter, to $1,222 per square foot from $1,062 in the same period last [...]
MANHATTAN—The median price-per-square foot for new developments in Manhattan jumped 15 percent during the year’s third quarter, according to the MNS market report. A 3.34 percent drop in inventory likely boosted the price increase, which has been the greatest in Midtown West and Chelsea. Over the last two years, those neighborhoods saw the price PSF [...]
Developers are betting on Brooklyn rentals over condominiums as the borough’s rent growth continues to outpace Manhattan’s, and neighborhoods such as Bushwick, Greenpoint and Crown Heights become increasingly attractive to professionals.
About 15,300 new Brooklyn rental units are under construction or planned in the next two years, compared with just 1,700 planned condos, according to data [...]
MANHATTAN & BROOKLYN—In our discussion of the ever-rising rents today, we left out MNSs’ reports on the same topic. Check out another take on the state of rental prices in various neighborhoods across the city by scoping out their infographics above and below. They do an especially good job of highlighting rates and trends in [...]
The 12 newly constructed row houses that line North 3rd Street between Berry and Bedford streets in Williamsburg are finally on the market, as The New York Times reported over the weekend. Prices start at $2,380,000. Inside, they look a lot like any new condo, but each has 1,892 square feet of indoor space and [...]
There’s a new take on luxury city living—the Williamsburg Townhomes—and they’re hitting the market this weekend in style. With a launch party planned for Thursday, August 1st, featuring local dishes and DJs, this is the perfect time to hang in the ‘Burg and score early access to these private rooftops.
Stop by the party at 149 [...]
When the architect Carmi Bee first moved to Park Slope, Brooklyn, decades ago, the favored activity of his neighbors was to lounge on the stoops of their brownstones, getting to know one another.
“Now that the area’s become gentrified, you don’t see it,” Mr. Bee said, and then laughed. “They’re all working to pay the mortgage, [...]
If you’ve been planning on checking out apartments in Williamsburg, now might be the time to buy or rent.
According to a new report by MNS Real Estate featured in DNAinfo, sales prices of new condos in the neighborhood have dropped by a third, from $900,000 at the end of 2012 to around $600,000 this spring. [...]
Median sales prices on new condos plummeted by more than a fifth in the second quarter of the year in north Williamsburg, according to a story in DNAinfo based on the latest sales and rental report numbers from real estate firm MNS. Not only that, but the price per square foot — a better indicator [...]