08/14/14 10:26am

MNS, the Brooklyn real estate firm published their July 2014 Brooklyn Rental Market Report today (along with their Manhattan Rental Market Report). Andrew Barrocas, CEO of MNS, notes that while month-to-month prices have fallen due to the maturation of inventory on the market in several neighborhoods, Brooklyn’s yearly progression continues its steady upwards pattern. He believes that this trend will continue as new developments and conversions enter the market at a relatively moderate pace in the near future.

The report reveals that in Brookln, rent prices in Brooklyn decreased by approximately 2.58% from $2,741 in June 2014 to $2,670 in July 2014. Rent prices increased 4.14% from $2,564 to $2,670 compared to July 2013.

Avg. Studios: $2,113 (Greatest change since June: -25.9%/$500 in Bed Stuy)
Avg. One-bedrooms: $2,597 (Greatest change since June: +14.4%/$411 in Cobble Hill)
Avg. Two-bedrooms: $3,301 (Greatest change since April: -11.3%/$436 in Cobble Hill)

BK_Market_Report_july_14_pdf

Some other highlights of the report include the following:

  • Rent prices in Brooklyn decreased by approximately 2.58 percent from $2,741 in June to $2,670 in July
    • From July 2013 rent prices increased by 4.14 percent from $2,564 to $2,670
  • Listing inventory increased 2 percent from June 2014 from 2,271 units to 2,327 units
  • One bedroom units in Brooklyn Heights and Cobble Hill witnessed the largest price increases
  • Studios in Bay Ridge and Bed Stuy witnessed the largest price decreases
  • The largest annual upward and downward shift in rent prices were seen in Crown Heights and Dumbo, respectively
    • Rents increased 17.5 percent in Crown Heights up from $1,796 in July 2013 to $2,110
    • In Dumbo, rents decreased only .3 percent from $4,083 in July 2103 to $4,071
  • A number of new luxury developments in Brooklyn Heights have caused a price surge in the neighborhood
  • Although monthly price averages have remained stable, Cobble Hill is amongst the highest in terms of increases in yearly price changes
  • Average studio pricing: $2,113
    • Greatest changes since June: Down 25.9 percent ($500) in Bed Stuy
  • Average one-bedroom pricing: $2,597
    • Greatest changes since June: Up 14.4 percent ($411) in Cobble Hill
  • Average two-bedroom pricing: $3,301
    • Greatest changes since June: Down 11.3 percent ($436) in Cobble Hill

In Dumbo, both monthly and yearly average overall rents remained relatively stable decreasing a minimal 1.95% and .3% respectively. In Dumbo for July 2014, studios were $3,004 (vs $3,095 in June 2014), one bedrooms $3,756 (vs $3,847 in June 2014), and two bedrooms $5,454 (vs $5,515 in June 2014). Here are the Dumbo price trends over 13 months for studios, one bedrooms, and two bedrooms:
BK_Market_Report_july_14_pdf 2

For full report, go to www.mns.com/brooklyn_rental_market_report

Previously:
{May 2014 Brooklyn Rental Market Report}
{March 2014 Brooklyn Rental Market Report}
{January 2014 Brooklyn Rental Market Report}
{November 2013 Brooklyn Rental Market Report}
{October 2013 Brooklyn Rental Market Report}
{July 2013 Brooklyn Rental Market Report}
{May 2013 Brooklyn Rental Market Report}
{Brooklyn Rental Market Report (Year End 2012)}
{October 2012 Brooklyn Rental Market Report}
{September 2012 Brooklyn Rental Market Report}
{June 2012 Brooklyn Rental Market Report}
{May 2012 Brooklyn Rental Market Report}
{April 2012 Brooklyn Rental Market Report}

08/12/14 12:17pm

To celebrate their grand opening, Dumbo’s newest (and much needed) gastro-pub The Bridges is offering $5 premium drafts, day or night throughout the month of August. They are located at 66 Water Street in the former Water Street Cafe location. It’s a warm and welcoming space serving quality food, cocktails and beer. Owner Gina O’Keefe and Chef Carl Alioto have created a menu that infuses simple American cuisine into gastro-pub style dishes. The food is fresh, innovative and relevant. The Bridges has 14 flat screen TV’s installed in a non-intrusive way throughout the bar and dining area.

Located in a cozy section towards the back of the restaurant, you will find two new pool tables, which are complimentary for guests. The Bridges is redesigned to be a place for anyone interested in having a relaxed dinner or drinks while taking in sporting events from around the world.

They have daily food deals, so stop in today and enjoy Dumbo’s newest gastro-pub.

[Editor's Note: This is not a sponsored, paid, or native post. No money, goods, or services were exchanged by the author and The Bridges. Comment below with feedback if you've tried the food at The Bridges.]
 

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The Bridges (www.thebridgesdumbo.com)
66 Water Street, Brooklyn NY 11201

08/07/14 4:01pm
Damon Dash in the kitchen, via First We Eat and Damon Dash's Instagram

Damon Dash in the kitchen, via First We Eat and Damon Dash’s Instagram

It seems all but official: Damon Dash, his son Boogie and rapper Cam’ron are taking over the failed Dish restaurant in DUMBO.

Speaking with First We Eat, Damon Dash confirmed the refocused restaurant will hopefully open sometime in August. “Really, when I looked at the restaurant, I was so excited,” Dash said. “I was like, ‘I’m doing it!’ and then I instagrammed it, and then I had to do it.”

A former Dish employee confirms he heard the same information from an ex-coworker. “They [heard] she [former Dish owner Samera Abed] was trying to sell the place to Damon Dash…but I hear she was asking too much for the place.”

Dash explained that he and his team are still finalizing the menu, but that it will potentially feature a range of dishes. The late-night arm of the restaurant, Dash Lounge – whose loud after-hours patrons ruffled some feathers in the neighborhood – is scheduled to reopen as well.

“I’m going to have a night menu, or at least I’d like to. It’ll be real selfish – stuff that I love,” Dash told First We Eat. “For me, I’ve got to have a cheeseburger, chicken fingers, and a cocktail. I like ghetto gourmet.”

We’ll keep you posted as we hear more updates. As always, feel free to leave questions or leads in the comments!

08/07/14 2:01pm
Tatyana Falalizadeh, http://stoptellingwomentosmile.com

Tatyana Falalizadeh, stoptellingwomentosmile.com

The August First Thursday Gallery Walk is tonight, and the DUMBO BID has your map and gallery listings ready to go. As part of the Gallery Walk, galleries and shops stay open late, and are free and accessible to the public.

Among the exhibits drawing a buzz leading up to tonight’s events is Tatyana Fazlalizadeh’s “Stop Telling Women to Smile.” Fazlalizadeh’s work has found acclaim in its powerful address of gender-based street harassment. Her work will be on display at the Made in NY Media Center at 30 John Street.

Don’t forget to stop in for a drink around the neighborhood while you’re visiting the exhibits. Find happy hour specials here, including a buy-one-get-one-free deal at Gran Electrica from 5:30 to 7:30 PM.

 

08/01/14 11:15am
Photo from Absolute Piano

Photo from Absolute Piano

Absolute Piano has opened a store in Dumbo at 142 Plymouth St (between Pearl Street and Anchorage Place). They offer piano rentals, sales, tuning, and repairs as well as piano lessons. Occassionally they leave a piano in front of their shop for passer bys to play on it. Stop by and play the piano.

Absolute Piano (www.absolutepianoNY.com)
142 Plymouth Street, Brooklyn, NY 11201
email: absolutepiano@gmail.com
facebook: facebook.com/AbsolutePianoNY
tel: 718-875-2600

07/30/14 8:02pm
The abandoned patio at Dish Dumbo in July 2014

The abandoned patio at Dish Dumbo in July 2014

Closed for renovations? Not likely.

Dish Dumbo, the Mediterranean-inspired restaurant that opened to fanfare in October 2013, looks to have shuttered its doors – likely for good. Closed since early June, the eatery at 81 Washington Street’s sheer drapes are drawn, patio plants are overgrown, and tables are stacked and abandoned. The now-worn sign in the restaurant’s glass window cites “new management” as the reason for its closure.

However, according to Jon, a former Dish employee, Ms. Abed was forced to closed her restaurant after employees walked out on June 7 after she did not pay anyone for two weeks. “The sign in the window says ‘closed due to new management’ but in reality the owner Samera Abed does not have any more money after her investor stopped funding her because of her poor management.”

Ms. Abed told DumboNYC that her employees’ claims are false. “Yes we are closed for now but it is not because the staff walked out,” she said. “We are renovating and repositioning our restaurant.”

She added, “The staff has always been treated well. If any have issues with ownership or feel they were wronged they should contact me directly as I hope to work with them again in the future.”

But Jon countered that since the employees left, “she is dodging calls and emails.”

While Dish opened to great anticipation in October 2013, it quickly became clear that the restaurant had its kinks to work out. After a repeatedly delayed opening, service reportedly quickly declined, as detailed in progressively dismal Yelp reviews. Neighbors complained of late-night partying and yelling that continued onto the street past the restaurant’s stated hours.

Ms. Abed insists that the restaurant will reopen later in the summer. However, information is swirling among former employees that she has instead moved for Florida, and that Two Trees is seeking to void her lease.

“We never got paid for the last two weeks of our employment, [and] most of us are not eligible for unemployment because most of us were there less than 6 months,” Jon said.

While Dish’s former employees look to put the restaurant behind them, Dumbo awaits what’s next for Dish’s space.