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…

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…

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,…

Conversion Excursion

All developers understand the need to create inventory that meets today’s market demands. But when your challenge is to convert large apartments for occupants who share space, can you make accommodations that unlock untold amounts of dollars from a building? Sure you can, but only…

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…

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?…

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…