Category: Brooklyn

Whisper Listings in New York

If you haven’t heard about whisper listings, that’s exactly what the marketing genius who came up with the idea wanted. They’re properties that are shrouded in mystery on purpose. Curious house-hunters are drawn to the intrigue around them. They’re becoming the new gateways to some of the best-kept secrets in California and New York real estate. Buyers enjoy the privilege of being able to see penthouses, lofts, and estates that are on the market discreetly.

Sellers enjoy the enhanced desirability that being whisper listed creates. It’s not an entirely strategic tactic. Not everyone who has a multi-million dollar home for sale wants that information to go public. Being able to sell the property of higher than average value out of the eye of the press and public is attractive to affluent public figures who don’t want to fall prey to a new rise in negative perceptions about being wealthy. Others simply seek privacy from gossip tabloids and cameras.

The real estate sector is always looking for new ways to build drama around listings. Observers have noticed that properties handled this way don’t sell if they don’t live up to the hype, however. Buyers expect to discover something they wouldn’t find otherwise. Whisper listings do add intrigue but not to the extent that they’re automatically fast sales.

The concept of keeping information private on a specific property, as opposed to aggressively advertising it, is such a winning strategy that a new portal has recently launched. This portal was built and dedicated to promoting the latest whisper listings  One important tip is to understand that the luxury real estate featured on the site will be exclusive. This means that its target market will be high net-worth individuals. While the site idea may seem like a new gimmick to boost the sales of real estate that has slowed down in recent years and can be difficult to sell, Parish Pradhan, the former Keller Williams agent behind it believes that having access to a portal of off-market listings is going to help those shopping for property to sidestep the bidding process and ultimately spend less.

 

Top 5 Neighborhoods to Raise a Family in NYC

New York City is one of the best locations for raising a family. NYC is diverse, exciting, and full of unique activities for both you and your kids.The city is composed of a wide selection of neighborhoods, including the family-friendly options listed below.

Astoria, Queens

Astoria is one of many great options! The neighborhood offers some of the best schools in the city that are both progressive and affordable. You’ll have access to a wide variety of public parks and playgrounds, as well as a great library system. One of the other great perks of living in Astoria is the Astoria Park, which includes a public pool.

Bay Ridge, Brooklyn

Bay Ridge is a historical neighborhood that’s a cornerstone of Brooklyn. The area is family friendly, and inclusive of people of all ages and cultures. Renting or purchasing property in Bay Ridge is almost half the cost of renting or buying property in the rest of the borough. The neighborhood also includes great schools, and plenty of parks so your children can play in green spaces.

Harlem

One of the best advantages of living in Harlem is larger apartment options for inexpensive prices. Not only does the area offer an easy downtown commute for parents, but it offers plenty of activities for children. The nearby Riverbank State Park hosts classes in art, music, sports, and dance. The  Apollo Theater and the Sugar Hill Children’s Museum of Art and Storytelling are two other great kid-friendly entertainment options.

Upper West Side, Manhattan

The Upper West Side is home to some of the best schools in the city, and is conveniently located near Central Park so your children will have plenty of room to roam! They’ll also have access to some of the best museums in the world, such as the American Museum of Natural History. The Riverside Park is another attraction that includes playgrounds and historical monuments.

Battery Park City

Located near the financial district, Battery Park City is a sleek yet bustling community and the location of two of NYC’s best schools, PS 276 and Stuyvesant High School. The Battery Park Esplanade, a beautiful road along the river, is a great place to take your kids for a walk or bike ride. There are also a variety of parks, many of which are also dog-friendly, and baseball fields.

Any of these neighborhoods is a great option for you and your family. New York City is one of the most unique and famous cities in the world. Your children will be lucky to grow up there!

Top NYC Neighborhoods to Live in

New York City is one of the most expensive costs of living in the country, making it the ultimate challenge to find a place to live.

 

Many factors depend on where you want to live and where you can afford to live. Neighborhoods vary from their peak cost and downfalls when it comes to price, commute distance, transportation access, nightlife, and other lifestyle amenities.

 

A company that compiles information on cities called Niche, recently released its annual ranking of the best neighborhoods in New York City.

 

These neighborhoods range from historic to hip and pose their own identities and can offer residents a sense of home in a city of over 8 million people.

 

Below are the best New York City neighborhoods to live in:

 

Hell’s Kitchen

 

Hell’s Kitchen is also known as Midtown West, was once a poor and working-class neighborhood that has steadily gentrified over a couple of decades. This neighborhood is within close proximity to many Broadway theaters and the famed Actors Studio. The neighborhood then became a popular area for aspiring actors. Hell’s Kitchen has a shorter commute time and offers a lively nightlife scene for its residents.

 

Flatiron District  

 

This is home of the Flatiron Building, one of the older skyscrapers in the city, at the intersection of Broadway and Fifth Avenue. The Flatiron District features a great restaurant scene, upscale real estate, and an impressive stretch of shopping. It is also becoming known as a huge area for fitness clubs.

 

Greenwich Village

 

Greenwich Village possesses its own sense of character and charm within the city. The neighborhood has served as a home to the creative community, the LGBT movement, and New York University. The area is now a melting pot of its own, filled with bustling restaurants and venues while keeping its small community feel.

 

Brooklyn Heights

 

Brooklyn Heights is located just off the Brooklyn Bridge along the East River and has a historic feel within close proximity of Manhattan. The neighborhood contains more than 600 pre-Civil War houses and has become a popular neighborhood for families. The area has been called New York’s First Suburb.

Dutch Startup Incubator Set to Open Location in Brooklyn Navy Yards

Kevin Brunnock, NYC, Brooklyn Navy Yards The Dutch startup incubator B. Amsterdam is set to open a location at Brooklyn Navy Yards. The Netherlands-based business incubator will introduce new jobs to the area as well as attract an increased number of global technology tenants. In addition to agreeing to occupy 100,000 square feet of the property’s space, they’ll create approximately 500 living-wage jobs.

The company, which provides business and real estate services, made the announcement on Wednesday, September 7th. At the new location, they will share their knowledge, with regards to tax planning, legal, real estate, and human resource, with about 300 early and growth-stage startups. According to a statement, Brooklyn Navy Yard Chief Executive Officer David Ehrenberg stated, “B. Amsterdam will connect the Brooklyn and greater New York business communities with dynamic product design and tech companies across Europe.”

“Cities like Amsterdam, Paris, and Stockholm are teeming with entrepreneurs looking to conquer the world with a new product or service. And they are all looking for ways to scale up,” said Kajsa Ollongren, the deputy mayor of Amsterdam, according to the Real Deal. “With the creation of B.NY, these startups will be able to enter the US market faster and easier.”

Once a shipbuilding site for the U.S. Navy, The Navy Yard later became a city-owned industrial park. During the peak of World War II, the Yards employed 70,000 people, and it currently houses 7,000 workers. That number is expected to double over the next five years as Navy Yard projects unfurl.

The commercial development plans grew from a partnership that began with Alicia Glen, New York’s deputy mayor for housing and economic development, and Amsterdam Deputy Mayor Kajsa Ollongren. B. Amsterdam will dedicate about 15 percent of their space to businesses centered on technology, hardware, and product design companies. 

The development of the facility will begin during the early months of 2017. After it’s completion, it’ll be a homestead for European markets looking to expand into U.S. markets, and it will also enable local entrepreneurs to develop relationships  with European clients. The incubator will occupy Building 127 at the complex. They’ll be joining the ranks of companies, such as Brooklyn Brewery, which signed a lease to take 75,000 square feet at the Navy Yard’s Building 77. Also, 1776, a tech incubator and seed fund, signed a 30,000-square-foot lease.

 

Is the Upper East Side moving to Brooklyn?

kevin brunnockThe luxury real estate market in Brooklyn, NY has been booming. Old properties that are on sale, in addition to newly constructed rental buildings, are all hitting the market priced at millions of dollars. This might sound strange to some. When most people think of million dollar homes in NYC they typically imagine decadent Manhattan Penthouses owned by the few, not modest family homes in Brooklyn. However, the trend of multi-million dollar Brooklyn homes has been on the rise as of late.

Industrial-style homes on Pacific Street, between Fourth Avenue and Henry Street, in Brooklyn are the new cash cows for investors in the city’s hippest borough. Douglas Elliman recently sold a $15.5 million mansion on that street. There has also been a string of mega-million deals on residential homes that have put a spotlight on a stretch of Pacific Street, which runs through Cobble HIll and Boerum Hill, areas near the Barclays Center. Noted celebrities have been buying homes in this area – another factor that has caused the boom. Singer Norah Jones even owns two houses in the area that are around the corner from each other.

Recently, investors have not only been re-selling homes but building new, cool, amenity-laden homes in vacant patches on the strip that are impossible to build in nearby neighborhoods such as Brooklyn Heights or even in the West Village. One of these new houses is about to hit the market for $12.5 million, which equates to over $2,000 a foot. New carriage-style homes are also making an appearance in the area. Located at 323 Pacific Street, the first home is a massive 6,000-square-foot, 25-foot-wide mansion. It features five bedrooms, an elevator, on-site parking, and custom Americana finishes. It is supposed to hit the market in late October 2015 for $12.5 million. While this is of course a sizable price tag, this house would list for around $40 million in Manhattan. Another home on Pacific Street, for example, was built with a 20-seat movie theater, a gym, a children’s playroom, a bar and wine cellar, a roof deck and parking facility.

Not only are houses being priced extremely high, but condos are as well. A new 30-unit condo development at 465 Pacific Street, designed by architect Morris Adjmi, is about to be listed at about 40% more than the neighborhood average, which is more than $1,4000 a foot. The diversity of the houses, from condos to brownstones to carriage houses to three-bedroom homes, is what is really luring wealthy individuals and celebrities to the area. Moreover, Pacific offers these high-profile individuals a low-key vibe, one which doesn’t attract the high tourist traffic of areas such as Brooklyn Heights. There are many factors that play into the boom of the luxury real estate market in Brooklyn, a trend that doesn’t seem to be slowing down any time soon.

To learn more about Brooklyn, see the message from Brooklyn Borough President, Eric Adams below.

To learn more visit nydailynews.com.