Billion-dollar Gowanus towers, the Dodgers’ old haunt, and NYC broker fee law comes into effect next week
This week's Top Rental Listings around the neighborhood (Park Slope, Prospect Heights, Windsor Terrace, Gowanus)
Whether you’re planning your open house weekend, or just want to keep a pulse on the local real estate market, we’ve got you covered! This week’s rental listings are focused on 2-3 bedroom apartments.
Top Real Estate News
Here’s a quick roundup on real estate news happening around this part of Brooklyn:
“The developers of 175 Third St. tapped Bjarke Ingels’ much-in-demand architectural firm [Bjarke Ingels Group] to design their planned, 1,000-unit, rental apartment tower.
The new 175 Third St. in the burgeoning residential neighborhood from Charney Companies and Tavros will stand 27 stories encompassing over 1 million square feet – the fifth building by the partners on four different sites on the Gowanus Canal’s eastern side.” This is a $1B residential project, and it is located right across from Whole Foods. [New York Post]
Rendering of 175 Third St from Bucharest Studio via New York Post “Once called the Waldorf-Astoria of Brooklyn and the location where the Brooklyn Dodgers celebrated their 1955 World Series win, the Hotel Bossert, at 98 Montague Street at Hicks Street, was acquired by real estate developer SomeraRoad. Their plan is to reopen the building as luxury residences with an anchor restaurant tenant to be determined. All of which is to say that Montague Street is becoming a destination.” [Eater NY]
The NYC broker fee law goes into effect June 11:
“The FARE Act — passed in City Council with a veto-proof majority of 42-8 on Nov. 13 — prohibits agents representing property owners from charging prospective renters a “broker fee.” It also requires that all fees a tenant owes be included in rental agreements and real estate listings.
Proponents of the legislation say it will help ease the city’s housing crisis by cutting down prohibitive up-front costs for tenants, including broker fees — which are typically about 15% of the annual cost of a rental unit, according to real estate website OpenIgloo.” [New York Post]
Parental co-buying is increasingly influencing New York City's real estate market. Faced with high entry costs and competitive conditions, many first-time buyers are turning to family support to secure homes. Realtors report that a significant portion of sales now involve parents assisting their children, often enabling all-cash offers that outcompete other buyers. This trend is particularly impacting entry-level and mid-tier segments, intensifying competition and driving up prices in neighborhoods and new developments. [6sqft]
Stoop of the Week
“A Park Slope #brownstone for $6K, anyone?
Newly completed 6th Street #townhouses (Nos. 293-301), c. 1891.” - @brownstonedetectives
Email your favorite shots at info@parkslopeliving.com or DM/tag us on Instagram at @parkslopeliving.
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 with 2 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 ✨
Photo credits: Streeteasy listings
2 bedrooms
403 Saint John's Place #3: $3,995
2 beds 1 bath
In a building of 27 units, 4 stories; 1921 built
A few blocks from Grand Army Plaza
2nd floor walkup
111 Prospect Park South West #12: $4,600 (No Fee)
2 beds 2 baths
~~ This listing plus three more 2 & 3 bedroom listings continue below: ~~