real estate news

N. 4 Street Retail Prices Soar Ahead of L Train Shutdown

N. 4th Street at Bedford Avenue looking West Google Maps)

N. 4th St. between Driggs Avenue and Kent Avenue had the largest increase in retail rental prices over the last year, where prices increased by 34 percent according to a REBNY study that looked at 16 of Brooklyn’s “prime retail corridors,” The Real Deal reports. Williamsburg’s N. 4th Street has seen a proliferation of corporate chains set up shop over the past couple of years including Whole Foods, Levis, Scotch & Soda, and Chipotle.

Bedford Avenue at N. 7 Street Google Maps)

Still, on nearby Bedford Avenue between Grand Street and N. 8th St. prices decreased by 11 percent to $351 per square foot. Rents in Williamsburg may drop further after the L train shuts down between Manhattan and Brooklyn for 15 months beginning in April 2019.

In Greenpoint, Franklin Street between Meserole Avenue and Commercial Street saw no change in the $74 per square foot price for groundfloor retail since last year, according to the study.

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Park Deli, Greedy Landlord or Normal Neighborhood Changes?

Exterior of Park Deli 209 Nassau - Photo Julia Moak
Outside Park Deli  Image: Julia Moak

As New York City, and North Brooklyn in particular, go through massive socioeconomic changes, it’s become very common to hear cries of outrage about gentrification. Since the infamous rezoning in the mid-aughts, Greenpoint/Williamsburg has seen ever-rising rents and an influx of residents (myself included, I arrived here in 2009 from my family home of northeast Queens). This trickles down into situations like the one occurring with the Park Deli (209 Nassau Ave). But sometimes, the story isn’t a “greedy landlord” or “gentrification,” but rather a situation much more complex and completely normal.

Hildegard and Rudolph Daempfle receiving the Borough of Brooklyn Award in 1987  Image: Thomas Handschiegel

There’s no doubt that Park Deli is a Greenpoint institution. Opened in 1931 by German-American William Mullenbrock, the deli has served reasonably priced German-style food ever since. What was Mullenbrock Deli changed hands in the 1950s, and at some point, acquired the name “Park Deli.” Continue reading

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New Warsaw Bakery sold to developers for new condos

New Warsaw Bakery. Photo credit: Wojtek Maslanka via Nowy Dziennik

 

Move over bread, something new is cooking at 866-868 Lorimer Street home to the famed New Warsaw Bakery.  Right before the turn of the New Year, the Swidzinski family, who provided Greenpointers with tasty bread for the past 20 years, and the Cisek family of the neighboring Brooklyn Electric Co, inked a deal with Chatham Developers to sell their spaces to make way for, you guessed it, more luxury condos. Continue reading

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The Hook-Up 8/18

Sistine Floor © Brooklyn Imbecile

• Brooklyn Imbecile: Sistine Floor

• Daily News: NYPD big sued for raiding B’klyn pub & dumping its booze

• Eater NY: Tom Mylan on the Hellish Opening of The Meat Hook

• DNA Info: City Attempts to Develop Long-Stalled Greenpoint Park

• Queens NYC: Look for the floating beer garden in LIC, Summer 2013

• New York Shitty: Day Starter: 400 McGuinness Is Open For Business

• BK Magazine: Portraits of the Real McCarren Park Pool

• Animal: Who’s got the best doughnuts in New York?

• Brooklyn Paper: Flea off the market! Home of W’burg bazaar sold for $18 million

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