North Brooklyn Real Estate

Docking, Driving, Building and Borrowing — The Hook-up (6/8)

Williamsburg car-share sites dedicated to the DOT’s new pilot program. Via Greenpoint Post

Happy Friday, Greenpoint! Now you’re really living — because the Newtown Creek Alliance has announced plans for the construction and installation of a second Living Dock within Newtown Creek.

And if that doesn’t quicken your pulse, maybe the unveiling of a new staircase at the Bedford Avenue L station will. They opened on Saturday as a first taste of the MTA larger L-pocalypse repair work.

But, with more stairs comes fewer parking spaces. The city has reserved dozens of spots in Williamsburg as part of its car-sharing pilot program.

Speaking of sharing, Brooklyn Public Library cardholders can now borrow musical instruments for up to two months at a time!  Continue reading

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Banking on New Development — The Hook-up (6/1)

There were some major Real Estate stories in the news this week. First, Greenpoint Savings Bank (807 Manhattan Avenue) has been sold to investor Jack Terzi for $10 Million. While still under-long term lease to Capital One, the building may become retail space in the coming years.  Continue reading

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Sweet New Public Park Opening in Front of Domino June 10th

Domino Park Rendering via Two Trees
Domino Park Rendering via Two Trees

Domino Park, the public space concession that Two Trees promised to throw into their larger Domino Sugar redevelopment project, will open to the public June 10. The park will stretch from South 5th to Grand Streets, and feature picnic areas, bocce ball courts, a dog-run and a sugar-factory-inspired playground.

The park has some deep design bonafides. It was designed by James Corner Field Operations, the same firm that helped design the High Line. Accordingly, Domino Park will have a High Line of sorts all its own. This will take the form of an Artifact Walk, an elevated catwalk that will feature the salvaged industrial innards of the Sugar Factory. Items on display will include dials, meters, valves, tanks and bucket elevators. Additionally, the Brooklyn Historical Society will curate a small, permanent exhibition about the site’s history which will be on display inside the converted refinery.  Continue reading

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You Can Go to Hawaii Or Palm Springs Will Come To You — The Hook-up (5/4)

The Springs
Gettin Tropical at The Springs via The Springs

Welcome to Friday, Greenpoint! Now that the sun is out, the news is full of all things Paradise.

First up, what’s better than Summer Fridays? An all-expenses paid trip to Hawaii. The Hawaii Tourism Board is now accepting applications for a week-long remote work-residency program exclusively for New Yorkers. 

If you can’t make it out to Hawaii, have no fear, there’s a new piece of paradise right here in Greenpoint. On Thursday, The Springs opened at 224 Franklin Street sporting Southern California vibes!  Continue reading

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Live by the Williamsburg Bridge for $865/month!

105 south 5th Street
105 South 5th Street

With the L-train shutdown on the horizon, living a stone’s throw from the Williamsburg Bridge might be your best bet for a livable commute. Now, such a living situation might be within reach! Applications are now open for 38 affordable units at 105 S. 5th Street.

The building boasts amenities including a rec room, laundry room, security system, electronic key entry, indoor bike parking, outdoor terrace, backyard and parking.

The lottery offers 9 studios for $865/month, 10 1-bedroom apartments for $929/month, and 19 2-bedroom apartments for $1,121/month.

The application deadline is June 22, 2018. Find out if you meet the lottery’s income requirements here!

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The L train is Clobbering Rents and Riders are Clobbering Each Other — The Hook-up (3/30)

kent street greenpoint brooklyn
We know Greenpoint is Gorgeous. Could rents be dropping thanks to L-pocalpse?

Welcome to the Hook-up. We all know the MTA is a diva. But this time it’s not (all) about the L-pocalypse. In fact, this week, MTA honcho Andy Byford was crowing about a different set of repairs. His goal is to update the subway’s pre-war signal system, and he suggests he can get it done in 10-15 years! To put that in perspective, other estimates peg the time frame at 40 years. How will he do it? Suspending a lot of weekend service.

But anyway, back to L-pocalypse. If there’s any silver lining within the impending doom that is the L-train shutdown, it might be that rents have already begun to fall in North Brooklyn ahead of the closure. 

Presumably, those still renting in North BK will be sanguine about the shutdown, and go about their lives as best they can. But not everyone was so serene on the subway this week. In fact, a 25 year-old man punched a 5-year-old in the face on the G train on Monday, and checked himself into Jacobi Medical Center. Police cannot question or arrest him until he is released.  Continue reading

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Church of the Ascension’s Parish Hall Gets an Unrecognizable Facelift

Rendering of 120 Java Street
Rendering of 120 Java Street via YIMBY

The Church of the Ascension (127 Kent Street) is one of Greenpoint’s oldest buildings, but its Parish Hall (120 Java Street) will soon find new life as residences. The Church sold the Parish Hall, and air rights for the building, in July 2015 for over 4 million dollars.

The Parish Hall at 120 Java in 2014 via YIMBY

The Parish Hall is not an original part of the church, but it still has significant history in the neighborhood, serving as a shelter during Hurricane Sandy, and as a headquarters in the Occupy Sandy relief effort. In the transition to apartments, the building on Java Street will triple in size and gain two stories, growing to accommodate 18 units. Each apartment will be approximately 1,300 sqft, and the building will offer “skyline views” from the roof.  Continue reading

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