421a – The Never-ending Wait & a Discussion with David Schwartz

Interview with David Schwartz of Slate Property Group about the state of new development and affordable housing opportunities in Brooklyn neighborhoods since the 421-a tax abatement program expired, given the program’s uncertain future. Despite talk of poor doors and impossible-to-win lotteries for too few spots,…

Neighborhood Report: Bed Stuy

What You Need to Know about Bed Stuy Right Now   DEVELOPMENT: Many areas in Bedford Stuyvesant are prime for development. The Gold Coast in the southwest corner of Bed Stuy is home to 800 residential buildings in Italianate, Queen Anne, Romanesque Revival and Renaissance Revival…

Slaying the Land Cost Dragon

DEVELOPMENT ON A GROUND LEASE By Dennis M. Sughrue Developers in New York now confront a stark, new reality. In established Manhattan and Brooklyn neighborhoods, for the first time in memory, land prices exceed construction costs. This calculus shapes the development landscape in profound ways….

Bed Stuy on the Rise

Deep Pockets Are Finding Homes in this Historic Area Few neighborhoods have seen property values climb as quickly as they have in Bedford Stuyvesant, the brownstone Brooklyn neighborhood bordered by Prospect Heights, Williamsburg, Clinton Hill and Bushwick. Let’s take a closer look: 53 Hancock Street, a 2,916…

A New Way to Broaden the Investor Base

How to Use General Solicitation and Advertising in Regulation D Equity Offerings               The founder of Andrew Abramowitz, PLLC, Andrew Abramowitz specializing in securities offerings, startup matters, mergers and acquisitions, securities law compliance and other general corporate law matters….

Developer Round-Up

As the market heats up heading into 2014, the questions on everyone’s minds are “can the market sustain some of the high land and building prices we are witnessing across all asset classes?” and “where are the best neighborhoods to invest?”.  So we went to…

Red Hook on the Rise

O’Connell Organization Looks to Establish Legacy in Brooklyn Over the past 45 years, the O’Connell Organization–started by former NYPD detective Greg O’Connell Sr., and now including his sons, Greg Jr. and Michael who has rehabilitated dozens of residential and commercial properties in the Red Hook,…

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