real estate brooklyn new york : Three Development Areas

2008-04-23 16:10:57

( Business )



For real estate brooklyn new york or commercial real estate brooklyn just follow a trail of cement trucks and cranes to find out what’s happening in brooklyn real estate.

There seem to be three development zones for real estate brooklyn new york.

In the first area of real estate brooklyn new york development, there are several important high-rises planned in an area that was included in the rezoning of 2004. The one is a 40 storey condominium in glass with 303 apartments, an indoor basketball court and a 50-foot pool – it is already underway.

Another area is two corridors where a former Board of Education building is being changed into a 299-unit condo.

There is also a 158 unit mixed-income project being built.

Finally, a cluster of buildings is planned for around the commercial core. An important wall is to be demolished and then rebuilt with 1000 apartments.

What you’ll pay
Downtown brooklyn is still young as a residential area – you can judge the prices from apartments, which have been sold but not yet occupied. Prices of condos have sold at anything starting from a couple of thousand dollars to well over a million for a penthouse. Condominial charges can be a good several hundred dollars a month.

The more expensive products (larger 3 bedroom apartments) sold quickly. This demonstrates that downtown Brooklyn is ready for high-end large condominium homes.

The commercial core offers luxury style apartments at lower cost.

Some people are even spending a couple of million dollars on buying 2 apartments together for more bedroom and bathroom space.

Prices seem to be remaining at this level and not turning back.

What to do?
Some of the best known amenities are in this area – theatres, libraries etc combine to create a rich cultural district.

There are dozens of restaurants and bars that buzz with life.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.