The large abandoned site at 2300 Cropsey Avenue is set to hit the market. Swedbank, the current property holder, will soon begin taking bids on the space. Swedbank is a Swedish bank that holds several defaulted mortgages, most of which they acquired from Lehman Brothers.
Alexander Gurevich, the initial owner of the 45,688-square-foot space planned to build a multi-functioning unit with underground parking, housing and office space, according to The Real Deal. However, he defaulted on the remaining $17 million loan balance and the property went into bank holding.
Gurevich’s ownership of the property is further complicated by his legal issues. In 2010, Gurevich was banned from selling condos or co-op units in New York for 3 years because he was accused of deceiving buyers in Manhattan’s Turtle Bay condo sale.
Associates at Massey Knakal Realty Services are also working to sell the site privately on behalf of Gurevich. Investors predict the site will go for $12 to $13 million.
While we didn’t plan on doing another Coney Island story today, with summer on its way and Coney Island still in a transitional period, there’s simply an above average amount of chatter out there. With so many changes on the horizon, we want to give Bensonhurst Bean’s readers a heads up on what to expect at the beach this summer.
Front yard with vegetables by Violette 79 via Flickr
A Bath Beach homeowner has been awarded a grant from the city in order to help make her beautiful block look even better.
Sonia Valentin and her husband have been residents of their stretch of Benson Avenue, between Bay 11th Street and 16th Avenue, for 27 years. Recently, she began to notice and increasingly appreciate the well-kept front yards on her street, many of which are filled with flower gardens – the type that seem to bring the block to life with bursts of bright colors every spring. Continue Reading »
Houses facing Seth Low Playground (source: Michael Kirby Smith via New York Times)
[UPDATED 5:08 p.m.] As Southern Brooklyn bloggers, it sometimes seems as if we’re expected to criticize any attempt by larger, non-hyperlocal publications to curate, define or otherwise classify our turf – especially in terms of Real Estate.
However, even a locally crafted curmudgeon such as myself has to admit that the most recent profile of Bensonhurst in the New York Times Real Estate section last Friday (What, we’re not good enough for Sunday!? grumble grumble…) seems, for the most part, pretty fair. Continue Reading »
It feels good to be last – especially if you rent an apartment in Bensonhurst.
Crain’s New York Business just published some of the findings of a city-wide survey on rent prices conducted by RentJuice, a San Francisco-based retailer of apartment marketing software for brokers and landlords.
While the average monthly prices quoted seem a little on the high side, we think the neighborhood rankings most likely reflect rental reality.
Apartment shoppers looking for rental bargains would be well advised to steer clear of West SoHo and TriBeCa. With average rents of $7,782 a month and $5,151 a month, respectively, those two neighborhoods top the list of most expensive places to live…Third on RentJuice’s list is Central Park South, where rents averaged $4,309 per month. At the other end of the spectrum, bargain hunters will fare best in Bath Beach, Brooklyn, which, with an average monthly rent of $1,242, boasted the lowest average. It was followed by Bensonhurst, Brooklyn, where rents averaged $1,283.
Here at Bensonhurst Bean, we’re pretty dumbfounded how, in this economy, the average young person just starting out – or a retiree living on a fixed income – would even have a chance of finding a place to live in this city.
Maybe the folks in Zuccotti Park should just occupy Corcoran?
For all you renters out there, what’s your rent like and are you happy with it?
This one’s for all owners of multi-family homes – are you having trouble covering your mortgage with such a low rent roll?
And finally, what do you think a fair rent would be?
According to the city’s DOB website, there is currently a stop work on the property, apparently stemming from some older violations, all but one of which have been resolved.
It appears that construction at 2201 86th Street will not result in any major changes to the building’s current use. Work permits filed with DOB are for some minor demolition and renovation, citing “NO CHANGE IN USE, EGRESS, AND OCUPANCY (sic).”
We can’t say with any certainty what kind of business will be there, or if the building owners have even found a new ground floor tenant. However, at this time it appears the building will merely be getting a makeover.
The second location is on the corner of Bay Parkway and Bay 26th Street, the address of which Frank believes is 2038 86th Street. Unfortunately, 2038 does not have any major work permits on file. We also searched for filings on both 2036 and 2040 86th Street, to no avail.
If any readers have interesting info on either place, please contact us at jteutonico [at] bensonhurstbean [dot] com.
This morning, we spotted another new storefront on the corner of Bay Parkway and 65th Street. Unlike Pizza Daddy across the street, this convenient corner store appears to already be open for business.
What’s attracting all these new enterprises, you ask? Maybe it’s the eerily touching soundtrack of the promotional video below, which is presented by the building’s realtor.
A Legal Sea Foods Restaurant in Boston (by nlnnet via flickr)
Borough President Marty Markowitz has released his official recommendations to the City Planning Commission concerning Joe Sitt’s Bay Center.
Chief among Markowitz’s recommendations, such as suggestions for addressing traffic concerns, was the desire for waterfront dining to come to the Bay Center.
“Given Brooklyn’s population, the borough is truly lacking when it comes to having waterfront dining opportunities,” wrote BP Markowitz in a June 9, 2011, letter to Joseph Sitt of Thor Equities. “There are really only a handful of opportunities that I believe can entice destination restaurants such as Legal Seafood (sic) and Grand Lux Café to open the first venue in Brooklyn. This is the perfect site. Having such a dining opportunity would benefit the publicly accessible area by bringing more people to enjoy this waterfront, while the landscaping of the open space would provide the perfect foreground to the marvelous harbor vistas extending from Sea Gate to the Verrazano-Narrows Bridge.”
While public utilization of the waterfront is repeatedly brought up in the documents released by the Borough President, the exact words ‘public parkland’ was not.
As we had mentioned in our previous story, public amenities mentioned at CB 11′s meeting, such as an Eco Dock, were not mandatory for the down-zoning motion’s approval.