Brooklyn Heights Softening?
March 30th, 2009
In a video report published today, The Real Deal takes a look at Brooklyn Heights. While the area is faring better than most other Brooklyn neighborhoods, it is still seeing softening. Sales for 20 Henry Street were suspended until a model unit is finished, and inventory for co-ops and condos have risen by 10-20% in Brooklyn Heights, according to William Ross of Halstead Property.
Several Montague Street merchants have closed. Brooklyn Heights Blog has been following the troubles facing Montague Street merchants and has posted today a video with interviews of some retail merchants.
Finally, even with inventory rising, the former Standish Hotel (169 Columbia Heights in Brooklyn Heights), converted to rentals are 2/3 rented a pricing from $2900 to $5400 per month.
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- Dumbo’s Commercial Retail/Real Estate Holding Strong
- The Real Deal Looks at Brooklyn’s Top Condos
- Hillary Doesn’t Like the Luxury Apt Concept in Brooklyn Bridge Park
- Squadron’s Plan to Pay for the BBP
- Event: Pant-Hoot Hosted by Charles Star, Tonight
- Glimpse Inside Jehovah’s Witness Headquarters
- Fraud Shuts Down 4 Shops in Brooklyn Heights
- Event: Uncommon Grounds in Brooklyn Heights
- NY Times: Middle School Needed in the Area
