Real Estate Wire: Bed Stuy Getting 50 New Condos; Brooklyn’s Tallest Building Killing It in Sales

June 24, 2014

We roundup today’s residential real estate news highlights for one digestible bite:

  • Bed Stuy is getting a brand new 10-story mixed-use building complete with 50 apartments [Brownstoner]
  • NYC gets a rent hike! Of 1%… The lowest ever recorded [New York Post]
  • South Slope’s newest condo development just placed its units on the market. The cheapest is going for $725,000 and the steepest $1.2 million [Brownstoner]
  • Evil be gone: A 206-year-old church is trying to stop Extell’s plans to build a 14-story condo on their site, saying they won’t be “walking doormats” [NYT]
  • Sales are soaring at Brooklyn’s tallest tower, 388 Bridge. Just 16 days after launching sales, more than 40% of the 104 condominiums have been snatched up [Crain’s]
  • Four Winds Real Estate wants $35 million for a LES rental building they bought for $19 million last year [The Real Deal]
  • JDS is bringing an 11-story mixed-use project to Boerum Hill. 47 residential units and over 3,000 square feet of commercial space are planned for 613 Baltic Street address [The Real Deal]
  • Pricing and floor plans for the Thomas Juul-Hansen-designed penthouses at 505 West 19th Street near the High Line have emerged [Curbed]

Bed Stuy’s new building (left); Brooklyn’s tallest tower (right)

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