No End in Sight for Brooklyn

SEASONED investors have been developing in Brooklyn for years, but with development sites in top neighborhoods like Williamsburg and Brooklyn Heights reaching (and exceeding) $200 per buildable square foot, double the average for the rest of Brooklyn, market watchers wonder, how high can it get?…

Bringing Perspective to Brooklyn’s Rental Market

At MNS, we love to do deals that make news, like the $9.5M transaction last week for 310 North 7th Street in North Williamsburg (http://www.brownstoner.com/blog/2012/06/310-north-7th-street-sells-for-9-5-million/), but it’s also very flattering when our favorite media outlets like The Real Deal (http://therealdeal.com/blog/2012/05/01/with-new-division-mns-gets-into-investment-sales-game/) and the May 29th issue of…

What Landmarking and My Daughter’s Sock Monkey Have in Common

On January 24, 2012, a City Council subcommittee voted to approve the landmarking of several blocks of buildings in Downtown Brooklyn. On February 1, City Council, as usual, did what its subcommittees recommended. But I’m really of two minds on this issue. REBNY is certainly opposed, and…

Topsy-Turvy Multi-Family Buildings

It used to be that the most lucrative exit strategy for a developer was to sell his or her apartments as condominiums. That notion is being flipped on its head – especially in Brooklyn these days. What started as a one-off sale in Williamsburg, Brooklyn of…