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The Bean lands on Bedford & N11th Street

May 7th, 2014 · No Comments

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The Bean opened it’s doors this week right on Bedford Avenue, steps to McCarren Park.  Certainly a great location, and great time of year to open up shop.  The Bean has standard decor such as exposed piping, brick, and rustic finishes ….. but the look does seem a bit contrived.  I have now tried their coffee a few times and it is just ok.  Seeing so many shops open their doors in the past year or two such as Toby’s Estate, The Bake Shop, Swallow, Konditori, among others prompts the question; how many coffee shops can exist in a small neighborhood such as Williamsburg.  Are we all that high on Caffeine?

→ No CommentsTags: Brooklyn · Brooklyn Real Estate NY · Williamsburg Eats

Von Dolhens arrival on Bedford Avenue.

May 7th, 2014 · No Comments

Von Dolhens, a coffee-yogurt-desert shop will begin dishing out treats this week.  Michael Mason has partnered up with the original owner to bring Von Dolhens to Bedford Avenue, between North 9th & 10th Street in Williamsburg’s northside.  There are currently several shops offering coffee with light fare, baked goods, and deserts, such as Bakeri, Fabians, and the Bean.  We’ll hop in to try their coffee and taste their eats.  The last time we noticed a business opperating out of this retail space was roughly 4yrs ago, when the Oakland used the location for their offsite sales center.

→ No CommentsTags: Brooklyn · Brooklyn Real Estate NY · Williamsburg Eats

Moving Out after a Fire

April 29th, 2014 · No Comments

When you are forced to vacate your home due to a fire or natural disaster how do you relocate?  When these homes burnt up last year one of the occupants approached us hoping to find new digs.  Unfortunately the tenants of these 3 buildings were paying far under market value for their apartment rentals and had to reconfigure their daily routines around new homes found in neighborhoods far from here.  Tough situation to find yourself in.  One tip;  Get Renter’s Insurance.  It isn’t as expensive as most people may think.

→ No CommentsTags: Brooklyn · Brooklyn Real Estate NY · Brownstone · Real Estate

A Look at the Domino Sugar Factory

March 12th, 2014 · No Comments

Above is BM1’s first peak at the Domino Sugar Factory Project in Williamsburg, Brooklyn.  The buildings surrounding the main factory have almost been completely demolished.  We will periodically keep an overhead eye on the project for those who would like to see the progress.  We wonder how similar the structures will be, as compared to the renderings released last year.  Supposedly the building will offer low income housing, luxury rentals, and condo sales.

→ No CommentsTags: Brooklyn · Brooklyn Real Estate NY · Real Estate · Williamsburg

The Stuttering Resales Market

February 12th, 2014 · No Comments

We are certainly in a seller’s market, with supply and demand heavily offset.  Condo sales in Williamsburg alone have risen close to 150% in the last decade.  Bidding wars have become the norm, as homes are selling for record highs.  With the opportunity to sell while the market is peaking one would assume to see a significant increase in supply of condo resales.  Certainly supply is still very low, in many areas, as we just received 19 offers on an East Williamsburg 1 Bedroom condo within only 1 week of listing the property.  Where will the other 18 buyers find their homes?  Entering 2013 the buying frenzy began, partially due to very low interest rates, rising rental prices, and the overall sense that the economy had finally come out of it’s lull.  First time buyers swarmed the market, determined to escape the severe rental price hike, but most were unable to purchase a home.  Entering 2014, less first time home buyers are in the hunt, however bidding wars continue.  We expect 2014 to be a year to watch, as supply will increase, however will prices level off?

→ No CommentsTags: Brooklyn Real Estate NY · Real Estate

Williamsburg’s Newest Rental Development

April 8th, 2013 · 2 Comments

We have had our eyes on this project since it was a wet 2 story hole in the earth, and are pretty excited about the finished look.  The building, standing on the corners of North 11th & 12th Streets, on Bedford Avenue, looks much better then the renderings that were floating around a few years ago.  The goliath is supposedly going to open it’s doors to the public for lease only, however we recently caught wind of a possible change in plans (some for sale & lease?)…… We’ll keep our ears to the pavement.  We expect the first release of units to be available this summer.

→ 2 CommentsTags: Brooklyn · Brooklyn Real Estate NY · Real Estate

Phoenix Pop-Up Show @ Williamsburg Music Hall

April 5th, 2013 · No Comments

Phoenix, possibly one of the most popular rock bands, announced a surprise concert at the Williamsburg Music Hall this evening.  Fanatics begin lining up in front of the venue as early as 7am.  I myself am a huge fan and was hoping to snag a few tickets on stubhub, or craigslist, and reached out to some sellers.  Unfortunately for me, the resale of these tickets are just too pricey.  I was told by a seller that a buyer had already offered in excess of $400 for just 2 tickets.  WOW.  I guess I’ll have to wait until the show at the Barclays.  I’m fairly upset, as I am certain that a Phoenix show in such a small, intimate venue, will be simply AMAZING.

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More Views, Lower Cost

April 4th, 2013 · No Comments

A family member recently purchased this 3Bed condo on the 12th floor at Schaefer Landing, and while I must admit having reservations about the location, and building, this unit simply wowed me. The views speak for themselves.  For $1,260,000 the 1,650 square foot 3Bed/2bath was purchased at $764persqft, which in my opinion is a great investment for a condo that is perched directly over the east river, allowing for a complete Manhattan view that includes Midtown, Downtown, the Williamsburg Bridge, Manhattan Bridge, and Brooklyn Bridge. Travel just a few blocks North, past the Williamsburg Bridge, and a similar listing would sell at well over $1,000persqft.  Once the Domino Sugar Factory project is complete the average price per square foot at Schaeffer Landing will surely skyrocket.  All the building needs is a bit of a makeover, particularly in the lobby and common areas.  Check out availability in the South Tower here, and North Tower here.

→ No CommentsTags: Brooklyn · Brooklyn Real Estate NY · Real Estate

The Right Time to Invest

April 3rd, 2013 · 1 Comment

It is clearly a sellers market, but does that translate into bad timing for investment?  As the resales market begins to surge, inventory is far below demand, pushing prices up into the clouds. The initial thought that likely comes to mind is to steer clear of investing in Williamsburg, for the time being.  This may not be the case, as 37 new developments are on the rise, and major developments such as the Two Trees project surrounding the Domino Sugar Factory, will indeed push the average price per square foot further North over time.  We will see plateaus as several buildings open their doors at the same time, however, once the building fill the price persqft will continue to rise.  There are several other factors to consider, which we will elaborate on in an upcoming post.

→ 1 CommentTags: Brooklyn Real Estate NY · Brownstone · Condo · Greenpoint · Loft · Real Estate · Williamsburg

Our Rental Pick of the Month

April 1st, 2013 · No Comments

For $3,200 and one free month, averaging $2,944, we feel that this 850sqft 2 bedroom is a great deal.  The multifamily dwelling houses 6 apartments that are undergoing a top to bottom renovation.  This particular space is on the 3rd floor (top), and boasts skylights throughout the apartment, keeping it nicely sun-lit all day long.  Everything has been redone, and we mean everything; from new drywall, flooring, and recessed lighting, to ceiling fans, modern bathroom, condo level kitchen with dishwasher & microwave, and a stacked Bosch washer/dryer.  To really top it off, each room has separate air conditioning control.  The building stands on Frost Street, about 5 minutes away from the Graham Avenue L Train.  Great space.

→ No CommentsTags: Brooklyn · Brooklyn Real Estate NY · Rental 'Pick of the Month' · Williamsburg