7 dekalb avenue

Downtown Brooklyn, real estate trends

Google Earth rendering of the new residential buildings going up in Downtown Brooklyn, via CityRealty.com

This time last year, 6sqft shared a report from CityRealty.com that detailed how Northern Brooklyn would be getting a staggering 22,000 new apartments over the next four years, with the majority, 29 percent or roughly 6,500 apartments, headed for Downtown Brooklyn. The trend has kept up, as the Times reports today that this number of units is concentrated among “19 residential towers either under construction or recently completed along the 10-block section of Flatbush stretching from Barclays Center north to Myrtle Avenue.” Another 1,000 units are coming to four buildings on Myrtle Avenue, and all of these are overwhelmingly rentals. In fact, 20 percent of the entire city’s rentals that will become available this year and next are in the neighborhood. But many believe this rental boom is fast approaching a glut that will cause prices to soften in a saturated market.

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Apartment Deals, Brooklyn, Friday 5

Rental deals have become increasingly tough to find but they’re most definitely still out there. Starting today, every Friday 6sqft is rounding up five of the best deals showcased on CityRealty’s newly launched no-fee rental offers page, where NYC house hunters can find the latest and most generous concessions being offered by landlords across the city. This week, we’ve culled five fabulous buildings in prime Brooklyn that are currently offering FREE RENT on new leases. Among the offers ahead, check out a newly renovated two-bedroom with yard in pretty Carroll Gardens offering a month rent-free on an already reasonable $2,700/month price tag.

Check them out here