Pulse Real Estate: Q1 Market Updates, gift cards for tenants to party & a gorgeous PPW apartment
Plus: This week's Top Property Sales 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.
Our real estate listings for this week are focused on property sales of 2-3 bedrooms.
Brooklyn by the Quarter: Q1 Market Update
By Casey Soloff, Licensed Real Estate Salesperson with Compass, a 20 year resident of Brooklyn, and founder of the monthly Dadurdays meetup at Wild East Brewing Co. in Gowanus.
“After the volatility of last year—with its dramatic election, three Fed rate cuts, and unpredictable mortgage rate swings—Q1 has delivered something the market hasn't seen in quite some time: a measure of stability.”
In the latest Brooklyn by the Quarter, Casey Soloff highlights a cautiously optimistic outlook for the Brooklyn real estate market.
Inside the report:
What today’s mortgage rates mean for Brooklyn buyers
Which neighborhoods are moving fast
How new buyer agent rules have been affecting deals
The key trends to watch heading into the spring and summer market
Top Real Estate News
Here’s a quick roundup on real estate news happening around this part of Brooklyn:
The 51-story Brooklyn Crossing luxury building in Prospect Heights is giving tenants gift cards to socialize in the building: “In today’s world, human connection has become the hottest new amenity,” reads a press release advertising the Brodsky Organization’s Neighborly Events programming. Across a number of the developer’s roughly 50 rental properties, tenants can get Visa gift cards to partially reimburse a game night or costume party attended by their neighbors — as long as they’re willing to post about their event on the Building Link messaging system; take a minimum of five quality photos of, say, Lisa from the 16th floor munching on Doritos; and, of course, provide itemized receipts. So far, per a Brodsky spokesperson, the company’s priciest compensation has been somewhere around $500.” [Curbed]
Photo of Brooklyn Crossing by Brodsky Organization via Curbed The building also features a large TULU vending machine where tenants can rent a Dyson vacuum alongside ice cream & snacks: [TULU Instagram via Curbed]
“The Longview lottery (380 4th Avenue) closes on April 28. Included in the lottery are 50 units, all rent stabilized and income restricted, 40 of which could be deemed truly affordable. Those are targeted at households of one to five people earning between $35,589 and $100,620 a year, or 40 and 60 percent of Area Median Income, according to the listing. There are 32 one-bedroom units at $874 and $1,374 a month and eight two-bedroom apartments renting for $1,031 and $1,631 a month. To apply, visit the listing on New York City’s Housing Connect website.” [Brownstoner]
Rendering via NYC Housing Connect Experts share how to spot the difference between a thoughtful renovation and a cosmetic flip. Look for red flags like uneven floors, poor lighting, and cheap finishes - more handy checklist included in the article: [House Beautiful]
Stoop of the Week
This beauty at 120 Prospect Park West, #2 with 3 beds & 2.5 bathrooms is up for sale for < $2M!
This rare, townhouse-style duplex has a distinct Parisian charm, offering two spacious floors plus a private deck. The parlor level features an open living and dining area with stunning original details.
Email your favorite shots at info@parkslopeliving.com or DM/tag us on Instagram at @parkslopeliving.
This Week’s Must-See Property Sales
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 sales of 2-3 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 14 days are shown unless there is a significant price drop. All sales jargon has been magically removed.
Photo credits: Streeteasy listings
2 bedrooms
478 12th Street #2L: $990,000 (Co-op)
2 beds 2 bath
Less than a block from Prospect Park
In a building of 8 units, 4 stories; 1920 built
Pets allowed
Private storage
Appliances: dishwasher
Building amenities: bike storage
Monthly costs: $645 (maintenance + tax)
362 12th Street #6: $999,000 (Condo)
2 beds 1 bath
This listing continues below the paywall, plus more great two- and three- bedroom listings: