Real estate roundup: 38 Sixth affordable lottery coming; Apple store near Atlantic Terminal; Flatbush Ave. building skyrocket$
From Curbed, a bit of news and a bit of hype:
Six buildings at Brooklyn’s 22-acre megaproject Pacific Park are in various stages of construction, three of which will open in 2017. Those are the 298-apartment fully affordable building at 535 Carlton (its affordable housing lottery launched in July 2016), the megaproject’s second fully-affordable building at 38 Sixth Avenue (whose lottery will launch this month), and the COOKFOX-designed condo at 550 Vanderbilt. Parts of the megaproject’s eponymous public park will debut in 2017, and the railyard project will reach milestones towards the start of the platform work, which part of the development will extend above.Ok, it's incremental news that the 38 Sixth lottery will launch this month. But saying that six buildings are in construction ignores that there's been exactly zero action on 615 Dean, a condo site that's up for sale, and that 664 Pacific, the market-rate rental tower-plus-school, awaits a resolution on access to a neighbor's property.
From The Real Deal, the long-simmering Apple rumors are real--but not for Atlantic Yards/Pacific Park:
Apple locked in a deal for its next Brooklyn store location – at the base of Two Trees Management’s new 32-story mixed-use tower 300 Ashland in Fort Greene.That's next to BAM and One Hanson--and close enough to the Pacific Park site to be claimed as a neighborhood asset.
The tech giant inked a 10-year lease for about 12,000 square feet at the 500,000-square-foot property at 300 Ashland Place, formerly known as BAM South, sources told The Real Deal.
From Real Estate Weekly, signs of skyrocketing prices:
TerraCRG has been retained to sell 267 Flatbush Avenue, one of the most visible properties along Flatbush Avenue on the Prospect Heights and Park Slope border.This four-story building has nine apartments, only one of which is rent-regulated, and a ground-floor commercial space home to Morgan’s BBQ. The article notes that the property was fully renovated in 2014, and quotes TerraCRG's Hess as saying retail rents on Flatbush "have more than tripled" since the September 2012 opening of the Barclays Center.
Ofer Cohen, Adam Hess and Dan Marks, along with their leading sales team, are marketing the mixed-use building with an asking price of $10,000,000.
Unmentioned: the building, according to StreetEasy, sold for $2.3 million in 2012 and $6.2 million in 2013.
From DNAinfo, a hint that some rowdy Brooklyn (a string of bars that have generated complaints and controversy) may collide with ever-expensive Brooklyn:
Brooklyn Nets general manager Sean Marks' former Sixth Avenue mansion can be yours for a mere $21,995 a month.That officer had left Bleachers sports bar.
Marks, his wife and four young sons packed up and moved out of their six-bedroom rental at 98 Sixth Ave. at Prospect Place in December, neighbors said — just four months after moving in in September.
...Prior to the Marks family's arrival, the Sixth Avenue house was under renovation for at least a year and converted from a four-family building into a single-family home, according to Department of Buildings records.
Neighbors speculated that the family was scared off by concerns about safety — as a bullet had whizzed through the house's bay window during a shooting involving an off-duty NYPD officer just weeks before they moved in.