If you need a more visual invitation to our monthly real estate seminar, please watch our short video above. We’re looking forward to having coffee with you on August 17th and chatting about buying, selling and renovating real estate in Brooklyn…and showing you one of the finest examples of our work. Space is limited, so click here to register.
Let’s Talk Real Estate, Brooklyn Style, on August 17
Calling All Housing Research Analysts
We are looking for someone to help us update an analysis first undertaken by the New York City Independent Budget Office in a Background Paper – The Impact of Historic Districts on Residential Property Values, 1975 through 2002.
If you think you are up for the challenge please contact Donald Brennan via email or on his cell at 917-568-6525. Data set definition and methodology are explained in the study, which can be found here. Compensation is negotiable.
To Landmark or Not Landmark, That Is the Question
flickr/beanhead4529
As the debate over potentially enlarging the boundaries of the Carroll Gardens historic district intensifies, I went back to the NYC IBO’s 2003 study, The Impact of Historic Districts on Residential Property Values, to refresh my memory on whether or not historic districts have constrained the appreciation in residential property values.
The answer is NO.
So if property values are not constrained, how does one make the argument that it is more expensive to maintain a property in a landmark district? How could it be more expensive if your long term appreciation is greater than that of a comparable property outside of a landmark district?
The impact of any improvement will result in a positive return on that particular capital investment. So in actuality, making improvements or maintaining property that is located inside of landmark districts is less expensive than for comparable property outside of a landmark district.
So what am I missing? What is the other side of this argument? Is it more about emotion or is there some sort of rational explanation about how landmarking makes improving property more expensive? Numbers would be helpful. Someone please enlighten me.
Let’s Talk Real Estate, Brooklyn Style—Over Wine and Cheese!
Tuesday, October 19 6 p.m. – 8 p.m.
Brooklyn Wine Exchange, 138 Court Street, Cobble Hill
Join us as we pair wines with chat at this new evening session of Let’s Talk Real Estate, Brooklyn Style. As you sample Old World vs. New World wines, you’ll also get a taste of today’s world of Brooklyn brownstone real estate. Is now the time to buy? What’s the inventory like for large apartments? Old vs. new buildings: which are better? Why buy in a landmark district?
But you’ll drive the evening’s discussion, so make sure to bring your real estate questions for Donald Brennan.
If you’re thinking of buying, selling or renovating a Brooklyn home, stop by to see us on October 19 at the Brooklyn Wine Exchange!
To RSVP, contact contact Donald Brennan via email or phone at 917-568-6525. Please note: RSVPs are required and attendance is limited for this complimentary event.
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