2024 Q4 Real Estate Highlights, Saving 44 Berkeley, Pintchik's $103M Sales, Union Channel Apartments Debut, Downtown Macy's Closure
Casey Soloff (Compass Real Estate Agent) walks us through the latest markets update; plus this week's Top Property Picks around the neighborhood (Park Slope, Prospect Heights, Windsor Terrace, Gowanus
Brooklyn By The Quarter: 2024 Q4
This week we welcome back local resident Casey Soloff, a Licensed Real Estate Salesperson with Compass, who breaks down the latest Q4 property market report and explains what all the numbers really mean:
When thinking back on 2024, quite a few words come to mind—some of them more appropriate to spell out than others. But the most apt of all would have to be “uncertain.” And more than anything, more than high mortgage rates or low inventory, the real estate market abhors uncertainty.
But as we rounded the home stretch, with three decisive rate cuts behind us and a president-elect, that uncertainty began to fade into the past, and a glimmer of hope peered around the corner…
Find out more in Casey Soloff’s Brooklyn By The Quarter for 2024 Q4: Click here to read the full article
Top Real Estate News
Here’s a quick roundup on real estate news happening around this part of Brooklyn:
“Neighbors and members of the city’s Landmarks Preservation Commission will ask a judge Thursday to save 44 Berkeley Place [between 5th & 6th Ave - across from Park Slope Playground] in Park Slope. City building officials say the rat-infested, graffiti-strewn, dilapidated structure needs to come down as soon as possible. The cost of the demolition will be handed down to the owner.” [New York Post]

“Brooklyn's Pintchik family has sold a 26-building portfolio [to The Ostads family according to The Real Deal] of mixed-use properties in the borough for about $103 million, according to Michael Pintchik and an announcement from the brokers.” [Crain’s New York Business]
“The Prospect Heights portfolio consists of 14 buildings on Flatbush Avenue, 11 on Bergen Street and one on Dean Street. It includes 80 apartments and 32 retail stores totaling 40,000 square feet of retail space.” [Connect CRE]
“Leasing has launched at Union Channel, located at 240 Third Avenue, in Gowanus, Brooklyn. Union Channel offers 224 residential rental apartments, with 25% designated as affordable housing. Following Union Channel, the next buildings to debut at Gowanus Wharf will be Douglas Port at 251 Douglas Street, Nevins Landing, at 310 and 340 Nevins Street, and an 827-unit yet unnamed site at 175 Third Street. Prices start at $3,100 for studios and $7,300 for three-bedroom apartments.” [Cision PR Newswire]
“Downtown Brooklyn Macy's to Close Soon, Retailer Confirms: Part of a cost-cutting initiative that will shutter 66 stores nationwide this year, the storied Downtown Brooklyn flagship sold last month [for $23 million].” [Brownstoner]
Stoop of the Week


See story on 44 Berkeley above!
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This Week’s Must-See Property Rentals
Whether you’re planning your open house weekend, or just want to keep a pulse on (or take a peek at) what the real estate market looks like, here are our real estate listings for this week focusing on property rentals of 1-3 bedrooms.
I use StreetEasy as the listing source to recommend properties that I would live in myself, and have searched within the boundaries of Park Slope and surrounding neighborhoods (Gowanus, Windsor Terrace, Prospect Heights). All prices are per month, and only listings in the last 7 days are shown - except where there are price drops. All sales jargon has been magically removed ✨
Looking to promote your listing here? (All promotions will be clearly labeled as SPONSORED)
Email info@parkslopeliving.com for more info!
Photo credits: Streeteasy listings
1 bedroom
341 5th Avenue #4R: $2,900
1.5 bed 1 bath
3rd floor walkup
In a building of 6 units, 4 stories; 1920 built
Across from Washington Park (JJ Byrne Playground)
2 bedrooms
316 5th Street #2: $3,995 (No Fee)
2 beds 1 bath
750 ft²
In a building of 3 units, 3 stories; 1910 built
Heat and hot water included
3 bedrooms
327 Sterling Place #1D: $4,500
3 beds 1 bath
In a building of 16 units, 4 stories; 1906 built
Heat and hot water are included
Appliances: Dishwasher