Pedaling Toward Progress

As developers, we should think of buildings as a way to reflect the evolution of living in New York City. While I’m opposed to mandatory car parking in new developments—only 10-15% of tenants use parking in most neighborhoods—indoor bicycle parking, which is also a requirement…

Manhattan Transfer

Transportation is key to creating desirable inventory, and the current administration has shown they understand that. Look no further than the extension of the 7 line to Hudson Yards, a move that unlocked more than $5 billion of investment into the neighborhood, as proof that…

Transportation Drives Development

As real estate investors and developers, one question we should always be circulating is, “How can we create more desirable inventory?” While the city took right action in rezoning Greenpoint to accommodate the residential needs of a growing community, it hasn’t taken off with the…

Looking Ahead to 2013

 Coming out of 2012, the strong rental market continues to drive up the value of development sites. How is this actually playing out? An investor signs a contract on a deal and he can flip it for a few percent more a few months later. We’re…

Tale of the Tape: Brooklyn vs. Manhattan (Condos vs. Rentals)

The How: We compared the rental prices and sale prices in eight neighborhoods. The Topline:  When it comes to Manhattan and Brooklyn rental prices, in the A-List neighborhood’s high-end buildings, there’s not a dramatic difference in price. However, when we look at condos in these…

Think Like a Developer

In this issue of thinking like a developer, we focus on the product, the people, and the place you’re building. Are you creating the right inventory for the right area to satisfy demand and maximize your return? Let’s put on our urban planning hat for…

Landlord Corner

As the Brooklyn market undergoes dramatic changes, it’s increasingly important for us to regularly ask: are we doing enough to maximize the return on our real estate investments? Any number of obstacles can get in the way; fortunately, we think about these things a lot…

Is Smaller Better?

Few issues have sparked as much speculation as Mayor Bloomberg’s announcement last week for a pilot project to develop residential micro-units measuring 275 to 300 square feet. Affordability is the primary driver here, especially for the demographic coming in—young folks who are looking for opportunity…

Brooklyn: America’s Good Food Capital

Stretches of Brooklyn once underserved by basic amenities are now teeming with innovative restaurants, artisanal food producers, gourmet trucks and, now, branded food fairs. It’s a winning combination that has attracted the attention of New Yorkers from all boro’s as well as visitors from around…

Brilliant Move by Two Trees

Jason Sheftell of The Daily News just reported that Two Trees may be purchasing the Domino Sugar Factory site on the Williamsburg waterfront. Of the very small handful of developers that could take on a project of this size – and I’m surprised I hadn’t…