City Point

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

Featured Story

Architecture, Brooklyn, Carter Uncut, Downtown Brooklyn, Features, real estate trends, Urban Design

Skyline Wars: Brooklyn Enters the Supertall Race

By Carter B. Horsley, Wed, April 20, 2016

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Here, Carter brings us his fifth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at Brooklyn’s once demure skyline, soon to be Manhattan’s rival.

Downtown Brooklyn has had a modest but pleasant skyline highlighted by the 350-foot-high Court & Remsen Building and the 343-foot-high great ornate terraces of 75 Livingston Street, both erected in 1926, and the 462-foot-high flat top of the 1927 Montague Court Building. The borough’s tallest building, however, was the great 514-foot-high dome of the 1929 Williamsburg Savings Bank Tower, now known as One Hanson Place, a bit removed to the east from Downtown Brooklyn. It remained as the borough’s tallest for a very long time, from 1929 until 2009. A flurry of new towers in recent years has significantly enlarged Brooklyn’s skyline. Since 2008, nine new towers higher than 359 feet have sprouted there, in large part as a result of a rezoning by the city in 2007. A few other towers have also given its riverfront an impressive frontage.

Whereas in the past the vast majority of towers were clustered about Borough Hall downtown, now there are several clusters with some around the Brooklyn Academy of Music and the former Williamsburg Savings Bank Tower and some around the Williamsburg riverfront.

more on Brooklyn’s skyline here

Brooklyn, real estate trends

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

We recently reported that New York City was entering its biggest building boom since 1963. Building permits rose 156 percent over the last year, accounting for 52,618 new residential units. If that number seems large to you, keep in mind it’s spread over the five boroughs, including the supertall towers of Manhattan. But a new report from CityRealty shows that northern Brooklyn alone with get 22,000 new apartments over the next four years.

According to the report, which only looked at buildings with 20 or more units, “around 2,700 new units are expected to be delivered in 2015. That number will nearly double in 2016, when approximately 5,000 apartments will be ready for occupancy.” The majority of these units, 29 percent or 6,412 apartments, will come to Downtown Brooklyn, followed by Williamsburg with 20 percent or 4,341 units.

More on the Brooklyn building boom

Architecture, Downtown Brooklyn, New Developments, Rentals

City Point, Downtown Brooklyn development

Rendering of City Point with a previously envisioned 65-story tower

Extell, the development company best known for gobbling up billionaires’ row sites and building supertall towers like One57, is venturing into Brooklyn, a place they’ve long avoided. The New York Times reports that Extell has bought the last development site at City Point, a huge, mixed-use complex in Downtown Brooklyn that will include residential and retail space, and, of course, a massive food hall. Extell will pay $120 million for the city-owned property, on which they will likely build a 500-unit rental building.

What’s more noteworthy than Extell’s move into the borough, though, is the fact that the tower could reach 60 stories, according to Extell president Gary Barnett, which would make it the tallest building in Brooklyn.

Read more

Brooklyn, Downtown Brooklyn, Major Developments

deklab market hall downtown brooklyn

Amongst the city’s more delectable real estate news comes word that the developer of City Point has plans to bring a 26,000-square-foot foodie haven to their massive Downtown Brooklyn project. Dubbed the Dekalb Market Hall, the space will host somewhere between 35 and 55 “authentic and locally curated” vendors at the basement level of the 1.8-million-square-foot mixed-use development along Dekalb Avenue. Though leasing is still in the works, more than a handful of food purveyors have already signed on to stir what’s sure to be a culinary revolution for an area more commonly associated with chains like Starbucks and Applebee’s. So yes, put your best sweatpants on, friends, there will be artisanal doughnuts and barbecue.

More on who’s moving in

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