Even more luxury apartments coming as Jay Group scores $105M loan
Sure, the west side of Flatbush has a huge selection of new luxury apartments. But what about the east side?
Rent Stabalized
Occupancy in DoBro holding strong
From Steve Cuozzo at the New York Post:
“Data just released by the Downtown Brooklyn Partnership show that occupancy is above 95 percent at both old and new rental buildings. Absorption remains strong as most new properties report leasing between 20 and 40 units every month.”
Construction near future(?) Willoughby Square Park
It came out last week that the promised park-above-a-parking-garage might not be going as planned.
Back in 2004, when this neighborhood was first rezoned (prompting the building frenzy that’s happening now), the city promised a one-acre public park right across from the new City Point structure. The city even approved tearing down rent stabilized buildings to make way for this new park slash parking garage.