Tag: real-estate

Brooklyn home prices set record as inventory surges in first quarter: reports

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May. 9, 2025 By Cate Corcoran Average and median home prices hit new highs in Brooklyn in the first quarter, even as inventory jumped, showing continued strong demand. After a period of constrained inventory followed by slight easing, the number of homes on the market rose 9.2% to 2,635 in the quarter compared to…

New York’s housing crisis: Why building alone won’t solve it

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Apr. 28, 2025 By Cate Corcoran While rents fell during the COVID pandemic, they climbed even higher two years later. While some contend that what is needed to ease New York City’s affordable housing crisis is more units at any price point, others say the focus should be on creating housing affordable to those…

‘Moonstruck’ house in Brooklyn Heights for sale for $14M

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Apr. 3, 2025 By Susan De Vries After selling for $12.5 million in 2022, the Brooklyn Heights dwelling perhaps best known as the “Moonstruck” house is back on the market. The most recent buyer of 19 Cranberry St. was an LLC, with the New York Post reporting at the time that comedian Amy Schumer and…

Historic Prospect Heights church could become condos under new plan

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Apr. 1, 2025 By Anna Bradley-Smith A late 19th-century Romanesque Revival church in Prospect Heights, not far from Barclays Center, could soon become residential apartments if the city greenlights a planned conversion. It is unclear how much of the original church structure — which is not landmarked — would stay in place if the…

Construction continues on geothermal Bushwick hotel slated to open this summer

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Mar. 20, 2025 By Anna Bradley-Smith A 10-story hotel, one of a handful of buildings in Brooklyn and beyond to use geothermal heating and cooling, is progressing in Bushwick, with opening slated for the summer, according to the developers. After years of fits and starts, there is now a full grey concrete building, with…

Mayor Adams announces expansion of medical respite program for homeless New Yorkers

Mayor Eric Adams speaks to media at City Hall on March 3. The Mayor announced significant expansions to the medical respite program on Tuesday. Photo: Mayor's Office Flickr.

Mar. 4, 2025 By Shane O’Brien Mayor Eric Adams announced significant expansions to NYC Health + Hospitals’ medical respite bed program Tuesday, which offers patients experiencing homelessness a place to stay for up to 90 days after a major health event. Adams was joined by NYC Health + Hospitals CEO Dr. Mitchell Katz to…

Former auto body shop site in Borough Park to become seven-story development

A rendering of the planned seven-story mixed-use building at 1547 60th St. in Borough Park.

Feb. 28, 2025 By Lauren Rapp A seven-story mixed-use building at 1547 60th St. in Borough Park is set to break ground in March, featuring a multilevel community facility and a passive recreational terrace. The future 3,401-square-foot facility will skimp on parking, as plans include a cellar-level lot in addition to a second-floor parking…

Pro-Palestine, pro-Israel protestors clash at Borough Park real estate event

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Feb. 19, 2025 By Robert Pearl and Robert Pozarycki Flag-waving pro-Palestine and pro-Israel demonstrators clashed in Borough Park Tuesday night during a demonstration outside a real estate expo. The pro-Palestine activists, led by the Pal-Awda group, gathered near several synagogues, shouting inflammatory slogans such as “Settlers, go back home!” and “Zionists, go to hell!” …

Hermès Williamsburg boasts bronze facade after $35M deal

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Feb. 12, 2025 By Cate Corcoran The green construction fence came down and, for a short while, the future Hermès store could be seen in (almost) all its naked glory on the corner of North 6th and Berry Street in Williamsburg. More recently, green netting has gone up on top of molded plastic barriers.…