Tag: real-estate

East Flatbush to get 322 fully affordable apartments thanks to new development, Utica Crescent

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Dec. 25, 2023 By Anna Bradley-Smith A new 100% affordable housing development planned for Rutland Road in East Flatbush dubbed Utica Crescent is moving forward, having secured a new-building permit and construction funding. The Utica Crescent complex is being built with state-financed tax-exempt bonds and subsidies as part of the Vital Brooklyn Initiative. The 12-story, two-building…
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Brooklyn real estate market moves sideways, third-quarter reports say

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Oct. 12, 2023 By Cate Corcoran

Call the Brooklyn real estate market sclerotic, but it’s neither crashing nor booming, according to third-quarter reports out today. In fact, the numbers mimic the market before Covid, although conditions have changed.