Brooklyn 2015 Mid-Year Sales Report by Ariel Property Advisors | Released July 2015
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Report | Winter 2017 Executive Summary
THE REAL ESTATE BOARD OF NEW YORK BROOKLYN RETAIL REPORT | WINTER 2017 EXECUTIVE SUMMARY on the corridor. According to our Brooklyn Retail Report In winter 2017, average asking rents for Advisory Group, the few available spaces were clustered available ground floor retail spaces increased in more desirable locations, which drove the average in seven of the 15 Brooklyn corridors asking rent for ground floor spaces upward and could cause the pace of deal making to decelerate. analyzed in the Real Estate Board of New York’s (REBNY) Brooklyn Retail Report when compared to winter 2016. The ground floor retail average asking rent on Fulton Street, between Boerum Place and Flatbush Avenue, increased eight percent year- Three corridors were unchanged and the decreases in ground floor retail average asking rents for the remaining over-year to $326 per square foot. five varied. The strongest average asking rent growth has continued in areas with new residential development and the potential for increased residential density. The Deals in this corridor have been moving at a brisk declines were posted in corridors without new residential pace due to new residential projects being completed development and where available retail space was nearby and chances of retail spillover from the City Point concentrated in the lower-priced periphery of those project where popular retailers Target, Century 21, and corridors. Overall, the retail landscape in Brooklyn has the Alamo Drafthouse Cinema have already opened shown continued strength as residential development and Trader Joe’s is scheduled to open this year. Our rises and commercial developments create new retail Brooklyn Retail Report Advisory Group sees the City destinations. -
An Economic Snapshot of the Greater Downtown Brooklyn Area
An Economic Snapshot of the Greater Downtown Brooklyn Area Thomas P. DiNapoli Kenneth B. Bleiwas New York State Comptroller Deputy Comptroller Report 5-2013 July 2012 The greater downtown Brooklyn area is the civic Highlights center of Brooklyn and includes the largest business district in New York City outside of • Private sector employment in the greater Manhattan. With its close proximity to Manhattan downtown Brooklyn area rose by and excellent transportation options, the area 18.3 percent between 2003 and 2010. offers a lower-cost business district that has • Health care and social assistance is the attracted large and small firms in a wide range of largest employment sector, accounting for sectors. nearly one-third of the area’s private sector jobs in 2010. Job growth in the area has been robust, outperforming the rest of Brooklyn and the rest of • The business and finance sectors together the City between 2003 and 2010. Although more accounted for 21.3 percent of the area’s recent neighborhood data are not available, it private sector jobs in 2010. appears that the greater downtown Brooklyn area • The educational services sector accounted continues to experience strong job growth. for nearly 11 percent of all private sector Together, business, finance and educational jobs, reflecting the area’s concentration of services account for one-third of the area’s jobs, colleges and universities. This sector grew by which is almost twice their share in the rest of nearly one-quarter between 2003 and 2010. Brooklyn. High-tech businesses also have taken a • Employment in the leisure and hospitality foothold in the area. -
BDE 05-13-14.Indd
A Special Section of BROOKLYN EAGLE Publications 6 Cool Things Happening IN BROOKLYN 1 2 3 4 5 6 Check out brooklyneagle.com • brooklynstreetbeat.com • mybrooklyncalendar.com Week of May 15-21, 2014 • INBrooklyn - A special section of Brooklyn Eagle/BE Extra/Brooklyn Heights Press/Brooklyn Record • 1INB EYE ON REAL ESTATE Victorian Flatbush Real Estate, Installment One Mary Kay Gallagher Reigns—and Alexandra Reddish Rocks, Too Bring Big Bucks If You Want to Buy— Home Prices Are Topping $2 Million By Lore Croghan INBrooklyn She’s the queen of Vic- torian Flatbush real estate, with nearly a half-century of home sales under her belt. Her granddaughter, who got her real estate license at age 18, is no slouch either. Mary Kay Gallagher, age 94, sells historic homes in y Prospect Park South, Ditmas Park, Midwood and nearby areas—stunning, stand-alone single-family properties that are a century old or more, with verdant lawns and trees. Ninety percent of them have driveways, which of course are coveted in Brooklyn. Granddaughter Alexan- dra Reddish, 40, is Gallagh- er’s savvy colleague in home sales at Mary Kay Gallagh- er Real Estate. A daughter- in-law, Madeleine Gallagh- er, handles rentals and helps with sales. Hello, Gorgeous! Welcome to Victorian Flatbush. Eagle photos by Lore Croghan “We keep it in the fami- ly,” Mary Kay Gallagher said. landmarked Ditmas Park that The map on Gallagher’s who’ve sold their townhous- She launched her bro- needs a lot of work. It went website—marykayg.com/ es for $3 million to $4 mil- ker career in 1970 after the for $1.42 million in March. -
City Point Generic Brochure
DOWNTOWN BROOKLYN IT’S ALL HERE DEVELOPMENT MATRIX M BQE anhattan Bridge NASSAU ST FLUSHING AVE atrix M Commodore DAMS ST A Barry Dv DUMBO Park SANDS ST velopment e D JAY ST TILLARY ST Mx HIGH ST Downtown Brooklyn DUMBO HEIGHTS C ADM Q2 2019 Update AN PL AZA WEST FL MetroTech A TBUSH A ark Commons MYRTLE AV VE EXT Completed Construction Pipeline Total T a T z S S olumbus P T E Fort C S C D L N E E E G BROOKLYN I Greene R F D T I F S W R Park U A B Y Total Condo Units D L HEIGHTS A J Willoughby Pla GOLD ST 2,558 2,399 887 5,844 FLEET PL (Market & Aordable) WILLOUGHBY ST Willoughby Square Park Total Rental Units (Market & Aordable) 12,007 2,819 6,908 21,734 T ST FUL TON ST OUR C FORT GREENE Albee Square DE KALB AVE Total Market Rate Units L DOWNTOWN 12,004 4,404 4,999 21,407 P 160 BROOKLYN ASHL (Condo & Rental) ERUM BO LIVINGST Fox Squar AND PL ON ST e R Total Aordable Units SCHERMERHORN ST OCKWELL PL (Condo & Rental) 2,561 815 2,796 6,172 FL A TBUSH A COBBLE STATE ST BAM Park HILL VE ATL VE ANTIC A LAFAYETTE A Total Residential Units 14,565 5,218 7,795 27,578 T S VE MITH HANSONS PL T S T YT HO INS S ATLANTIC AVE V NE 521 T HANSON PL OND S BOERUM B FLATBUSH AVE Times HILL Plaza E AV D R 3 E V A H T PACIFIC PARK 4 DEVELOPMENT PIPELINE COMPLETED IN CONSTRUCTION PLANNED OPEN SPACE STACKING PLAN LOWER LEVEL GROUND/MEZZANINE PLAN FREIGHT ELEVATORS KEY Temporary Tenant R Q B MEZZANINE RETAIL M-102A DeKalb AvenueSTICKS & 1,369 SF Subway StationSTONES CITY TOWER Available 440 UNITS DEKALB MARKET HALL LOBBY 1,674 SF Pain D’Avignon FLEET STREET FLATBUSH -
The Brooklyn Market Report 2017
The Brooklyn Market Report 2017 January 2018 2017 BROOKLYN MARKET REPORT Table of Contents Welcome Multifamily Building Mixed-Use Building Letter Transactions Transactions 3 Introduction 7 10 4 Summary 6 Residential Development Retail Building Site Transactions Transactions 13 16 Industrial/Office Other/Special Building Transactions Asset Transactions 19 22 Page 2 2017 BROOKLYN MARKET REPORT Welcome to Brooklyn The Brooklyn market is continuing to show strength, even as we end a two-year dollar volume decline. While total dollar volume showed a 40% decrease from the 2015 peak, the Brooklyn investment sales transactional market is showing resiliency. 2017 was truly a strong year where many asset classes saw price increases, and total transactional volume remained steady. 2017 was truly We believe the resiliency of the Brooklyn market stems from the depth a strong year and diversity of asset classes and neighborhoods. This is one of the most “where many building-rich counties in America, and many of these communities within asset Brooklyn are continuing to transform and reinvent themselves. While classes saw institutional investors have reduced their activity in the broader market price increases, in the last two years, family offices and wealthy individuals continue to and total believe in the Brooklyn trajectory going forward. transactional volume remained As a Brooklyn-only firm, TerraCRG has followed the market trajectory and steady. experienced an extraordinary evolution in the past decade as we’ve pursued our mission to be Brooklyn market leaders. Our ever-growing commitment to market knowledge and expertise are exemplified in this report. Our Brooklyn Market Report presents the most up-to-date information, resources and news on what is happening year-over-year throughout the various regions, ” neighborhoods and asset classes. -
Public Design Commission Conceptual Presentation on Open
PUBLIC DESIGN COMMISSION FINAL REVIEW JANUARY 19, 2021 WILLOUGHBY SQUARE OPEN SPACE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION HARGREAVES JONES LANDSCAPE ARCHITECTURE GARRISON ARCHITECTS // DELTA FOUNTAINS // TILLETT LIGHTING LANGAN // WESLER-COHEN ASSOCIATES // PAUL COWIE & ASSOCIATES // CRAUL LAND SCIENTIST NORTHERN DESIGN // SITEWORKS // MILROSE CONSULTANTS THE ORATORY CHURCH OF ST 4 METROTECH CENTER DELI BONIFACE CHURCH (1ST FL) (JP MORGAN CHASE & CO) FLATBUSH AVENUE BROOKLYN BROOKLYN SAVANNA DEVELOPMENT (141 WILLOUGHBY STREET) Manhattan New Jersey WILLOUGHBY WILLOUGHBY STREET SQUARE Brooklyn AVA DOBRO Staten Island BROOKLYN POINT MIXED USE - RESIDENTIAL/COMMERCIAL BRIDGE STREET DUFFIELD STREET ALOT WILLOUGHBY FLATBUSH AVENUE GOLD STREET / ALBEE SQUARE (W HOTELS) SQUARE CITY NTS East Brooklyn SHERATON Bridge BROOKLYN River Park Cadman Navy Plaza Flatbush Ave Ext Yard Flushing Ave Clark St Cadman Plaza W Commodore Barry Park 227 DUFFIELD 230 DUFFIELD ST STREET Pierrepont St Brooklyn-Queens Expwy Tillary St (TOWNHOUSE) Johnson St HOTEL INDIGO CITY POINT (299 DUFFIELD STREET) (7 DEKALB AVENUE) Henry St Myrtle Ave Clinton St Ft Greene Gold St Duffield St Bridge St Willoughby St Park OFFERMAN Vanderbilt Ave ONE WILLOUGHBY SQUARE WILLOUGHBY Bklyn BUILDING MIXED USE - SCHOOL/OFFICE Fulton St Long Island Hospital SQUARE University Center Dekalb Ave Adams St Smith St BRIQ Hoyt St (237 DUFFIELD STREET) Bond St Atlantic St Nevins St THE AZURE (436 ALBEE SQUARE) Brooklyn-Queens Expwy NEIGHBORHOOD 1000’ SITE N RESIDENTIAL MIXED-USE SCALE: NTS -
Downtown Brooklyn's Residential Growth
1 A Five-Year DOWNTOWN BROOKLYN’S Review RESIDENTIAL GROWTH 2014–2018 Cover photos: TerraCRG Over the past two decades, Downtown Brooklyn has seen In this report, Downtown Brooklyn Partnership (DBP) provides transformative residential development as new projects give a data-driven snapshot of the Downtown Brooklyn housing rise to a changing Brooklyn skyline and a growing community market. DBP staff conducted interviews with citywide housing of residents. experts and more than a dozen developers and leasing professionals representing more than two-thirds of all newly- In the years following the 2004 adoption of the Downtown delivered rental units. Brooklyn Development Plan and an area-wide rezoning of the Special Downtown Brooklyn District more than 14,000 new Using data from city agencies, leading brokerage firms, housing units were delivered in Downtown Brooklyn, nearly developers, and property owners, this report: two-thirds of which were delivered during the past five years. • Illustrates the supply and makeup of Downtown The district’s growth has accompanied a boom in Brooklyn and Brooklyn’s housing stock in the last five years NYC’s economy, with record employment and population in the • Depicts occupancy and absorption trends from 2014 to borough and city. present • Provides an outlook on the development pipeline KEY FINDINGS Unprecedented growth of a residential neighborhood with mostly rental housing stock: Since the rezoning, more than 70 developments with over 14,000 housing units have been delivered in Downtown Brooklyn. The majority of new housing supply to date (82% of all units, or 11,800+ units) is rental housing. Significant rental and affordable housing growth in the past five years: Nearly two-thirds (64%) of Downtown Brooklyn’s housing supply (9,100+ units) was delivered between 2014 and 2018, including more than 8,500 rental units. -
Draft EIS ECF 80 Flatbush Avenue Part 4
WILLOUGHBY STFLEET PL 2/5/2018 FLEET ST Fort Greene University Park Place FLATBUSH AVE EXTENSION DE KALB AVE HUDSON AVE Albee Square SOUTH PORTLAND AVE ASHLAND PL BOND ST SOUTH ELLIOTT PL HANOVER PL GROVE PL 230 Ashland Place POPS FULTON ST LIVINGSTON ST ST FELIX ST ROCKWELL PL Theatre for a New Audience Fowler Square VE TTE A FAYE Rockwell Place Bears LA SCHERMERHORN ST Community Garden Seating Sixteen Sycamores Area 2 Playground 300 Ashland Place Plaza FT GREENE PL STATE ST NEVINS ST FLATBUSH AVE HANSON PL North Pacific Plgd ATLANTIC AVE 3 AVE Atlantic PACIFIC ST Terminal Mall Plaza Barclay's Center DEAN ST Plaza 4 AVE E V A 5 BERGEN ST WYCKOFF ST Greenstreet Wykoff ST MARK'S PL Gardens Open Space Project Site 0 400 FEET Traffic Analysis Location Traffic Analysis Locations ECF 80 FLATBUSH AVENUE Figure 11-4 Chapter 11: Transportation Table 11-8 Traffic Level 2 Screening Analysis Results—Analysis Locations Incremental Vehicle Trips (Weekday) Intersection AM Midday PM Analysis Locations Fulton Street and DeKalb Avenue 0 0 0 Livingston Street and Bond Street 4 1 4 Schermerhorn Street and Bond Street 35 9 23 Flatbush Avenue and DeKalb Avenue 57 14 57 ✓ Flatbush Avenue and Fulton Street 72 19 92 ✓ Flatbush Avenue and Nevins Street 37 9 52 Livingston Street and Nevins Street 30 6 32 Schermerhorn Street and Nevins Street 61 13 51 ✓ State Street and Nevins Street 51 8 49 ✓ Atlantic Avenue and Nevins Street 32 7 36 Pacific Street and Nevins Street 10 0 7 DeKalb Avenue and Hudson Avenue 6 0 1 Hudson Avenue and Fulton Street 35 13 58 Flatbush -
Bridge Street
388 BRIDGE STREET Between Fulton & Willoughby Streets DOWNTOWN BROOKLYN 388 BRIDGE STREET ADDRESS ven 388 Bridge Street, Brooklyn, NY 11201 u e Ex Between Fulton & Willoughby Streets Columbus MetroTech t M en on Park Center tag R.V. Ingersoll Houses ue S Polytechnic FDNY/EMS sion tr University eet (B NYS Supreme & Family Courts r ooklyn Brid SIZE MetroTech R.V. Ingersoll Houses Commons Empire Blue Cross BlueShield Ground Floor: Approx. 192 SF N New York R Supreme Myrtle Avenue Fleet Pl Brooklyn Court g Second e Bouleva R District em New York Marriott FRONTAGE Heights sen MetroTech Str 2 at the Brooklyn Bridge eet Keyspan JP Morgan St. Francis Chase Gold Approx. 10' on Bridge Street r Center College 3 d) A Brooklyn Kingsview Jora Friends C S S Homes le t t mo School JP Morgan n St. Borough Civic Chase Hall F POSSESSION Center University Towers Verizon 2 3 Immediate Packer 4 Fort Fort Collegiate 5 N R Willoughby Street Institute Greene Greene Law Brid D Park u f field Willoughby r Brooklyn g ence COMMENTS ASHLAND PLACE Municipal Brooklyn e Square Sidney Place Building Law School S t NYC S Park Albee t BOE S • At the base of a 378-unit luxury residential building Clinton Street t Albee Square Redevelopment S • Within walking distance of 13 subway trains q ua Brooklyn r Long Island University Court Street F ult e Brooklyn Center Hospital on M W Center all e s t NEIGHBORS C t HOUSE H&M, Banana Republic, Manhattan Athletic Club, T-Mobile, Nordstrom Rack, Old Navy Cobble OF HOOPS Smith S 2 tin Pl New York City 3 Hill Transit Authority alla ce -
Brownfield Cleanup Program Citizen Participation Plan 388 Bridge Street
New York State Department of Environmental Conservation Brownfield Cleanup Program Citizen Participation Plan for 388 Bridge Street 388 Bridge Street Brooklyn, New York BCP# C224134 August 2010 1 Contents Section Page Number 1. What is New York’s Brownfield Cleanup Program? .....................................................3 2. Citizen Participation Plan Overview................................................................................3 3. Site Information.................................................................................................................5 4. Remedial Process ...............................................................................................................9 5. Citizen Participation Activities.......................................................................................12 6. Major Issues of Public Concern......................................................................................12 Appendix A – Site Location Map ...............................................................................................13 Appendix B – Project Contacts and Document Repositories...................................................15 Appendix C – Brownfield Site Contact List ..............................................................................16 Appendix D – Identification of Citizen Participation Activities..............................................21 Appendix E – Brownfield Cleanup Program Process ..............................................................22 * * * * * -
FY19 Tentative Assessment Roll Statistical Summary
2018/19 Tentative Assessment Roll January 16, 2018 TAXABLE ASSESSMENT AND MARKET VALUE PROFILES FINAL FY 2017/18 VS TENT FY2018/19 CITYWIDE SUMMARY BY PROPERTY TYPE PROPERTY TYPE # OF TAX LOTS RESIDENTIAL UNITS OR SQUARE FOOTAGE* FY ''2017/18 F FY '2018/19T CHANGE FY ''2017/18 F FY '2018/19T CHANGE NUMBER NUMBER % NUMBER NUMBER % Class One 698,852 699,190 0.05% 1,094,689 1,095,675 0.09% Class Two 266,591 270,137 1.33% 1,908,110 1,926,056 0.94% Class Three 300 298 -0.67% Class Four 97,417 97,884 0.48% 1,215,940,036 1,239,855,152 1.97% TOTAL 1,063,160 1,067,509 0.41% PROPERTY TYPE FULL MARKET VALUE TAXABLE ASSESSED VALUE FY ''2017/18 F FY '2018/19T CHANGE FY ''2017/18 F FY '2018/19T CHANGE $ $ % $ $ % Class One 538,564,685,332 594,782,241,031 10.44% 19,442,761,767 20,238,453,279 4.09% Class Two 281,500,408,242 311,571,106,813 10.68% 81,049,886,199 90,378,606,123 11.51% Class Three 33,285,661,294 33,419,627,013 0.40% 14,683,905,855 14,744,285,832 0.41% Class Four 295,858,020,794 317,862,634,295 7.44% 109,284,705,717 117,864,425,114 7.85% TOTAL 1,149,208,775,662 1,257,635,609,152 9.43% 224,461,259,538 243,225,770,348 8.36% *Classes One and Two show residential unit counts. -
An Economic Snapshot of Brooklyn
An Economic Snapshot of Brooklyn Thomas P. DiNapoli Kenneth B. Bleiwas New York State Comptroller Deputy Comptroller Report 4-2015 May 2014 Highlights Over the past decade, Brooklyn has expanded at a • rapid pace by attracting new businesses and Brooklyn is the largest of New York City’s five residents. Downtown Brooklyn is New York boroughs by population and the second-largest City’s largest business district outside of by area. With 2.6 million people, it is the second Manhattan, and there are a number of other most densely populated county in the nation. important economic centers in the borough, • Immigrants accounted for 39 percent of the including the Brooklyn Navy Yard, Sunset Park, borough’s residents in 2012, the third-largest Williamsburg and Greenpoint. share of any large county in the nation. Since 2003, the number of businesses in Brooklyn • Between 2003 and 2012, private sector has grown by 21 percent, a much faster rate of employment grew by 19.8 percent, faster than growth than in the rest of the City. Job growth has any other borough and nearly twice the rate of also been strong (19.8 percent), nearly twice as growth in the rest of the City. fast as in the rest of New York City. • Total private sector wages grew by 42 percent Health care and retail account for almost half of between 2003 and 2012, faster than any the jobs in Brooklyn, but many of these jobs offer borough outside of Manhattan. modest salaries. Professional and business services • Since 2003, the number of businesses has grown are growing rapidly, technology and creative firms by 21 percent, a much faster rate of growth are expanding, and manufacturing is reviving.