From Real Estate Weekly in March:
Four Brooklyn mixed-use buildings have sold for $31 million.
Rosewood Realty brokered the off-market deal, which includes a total of 225,000 s/f of residential and retail space, divided amongst four six-story elevator buildings with 250 residential units and 30 retail stores. The pre-war buildings are at 10 Midwood Street, 50 Lincoln Road, 64 Lincoln Road and 2121 Beekman Place in the Lefferts Garden neighborhood.
The seller was a fund and the buyer was a local landlord, with a large portfolio of buildings in the area.
Full story, and the annoying 2007ish buzzy talk about PLG, here: . Added bonus! I just turned up reader Babs' post about the sale as well, though she seemed equally unsure of the real owner. Babs
More to the point - do you live in one of these buildings? What can you tell us about what's going on over there - good, bad or indifferent?
3 comments:
I used to live at 10 Midwood and it was a beautiful apartment--great "bones," tons of room and closets--but the building was a shithole. We had two bedbug infestations, cockroaches, people taking a shit in the hallway, insane neighbors, other neighbors who would beg from us, a murder at our doorstep, the works. I hope the new owners can restore some order without jacking up the rents and trying to evict all the old-timers.
I live there! I fall under the newcomer category, been here about a year. My building is not fancy by any means, but the apartments are well laid out. Some units have more renovations than others, although from what I can tell none have been totally revamped.
The new owners seem to be making an effort - right when they bought the building they put up signs for exterminator services if you want it, although I have a cat so it's never been an issue. I've seen them doing lots of repairs and repaints, so maybe they have plans to update things. But there's still plenty of post-weekend party evidence around.
I'm curious what other buildings they own. Also - the article mentions that the retail space is fully leased. Really? There have been For Lease signs on some big empty spaces down there since I moved in. I'd love to see something useful move in.
The landlords are up to no good, methinks. Real hack job on my boyfriends old apartment. Have yet to receive a security deposit.
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