The title of this post comes from a commercial real estate broker participating in a ‘Brooklyn is the New Manhattan’ panel discussion during the Brooklyn Real Estate Summit hosted by Greenpearl.com this past Wednesday at St. Francis College on Remsen Street in downtown Brooklyn. While a number of this panel’s participants donned their rose colored glasses, as real estate brokers are prone to due, this statement was honest and accurate and sums up the cause of inflated land and redevelopment opportunity pricing that reached its peak sometime in 2007. In this month’s newsletter – The Brennan Report: Issue 2 – June 2010: Recent Pseudo Land Transactions - I take a look at a few deals that give an indication of where land and rehab deals are being priced today and give my opinion on whether or not the market has retreated to a point where the delivery of quality multi-family product is possible in the brownstone Brooklyn marketplace once again.
Open House at 24 Remsen Street This Sunday, Noon to 2PM
Want to see a model for the kind of work we do? This Sunday, May 16th, from noon to 2PM, we’re having an open house at 24 Remsen Street to showcase our philosophy, our aesthetics and our final product. Please come by and see how we simultaneously 
restored and reinvented this terra cotta townhouse, preserving original details and adding modern touches. It will be an opportunity for us to talk with you, our potential partners, about the kind of home you want, and to explore the possibilities for your own customized Brooklyn homestead. Please RSVP to Donald Brennan in you plan to attend.
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Posted in blog Tagged 24 remsen street, Brooklyn, Brooklyn Heights, MyHome, open houses
Posted in blog Tagged 24 remsen street, Brooklyn, Brooklyn Heights, MyHome, open houses
Finally! Good News from the ABI
In February, the news was the grimmest it had been since the housing bust began: the Architectural Billings Index, which tracks billing at firms across the country, was at historic lows after plummeting steadily downward for eons.
Not so anymore. The AIA reports that billings have risen from 44.8 in February to 46.1 in March, the highest it’s been since August, 2008. The news is best for firms in the Midwest, whose billings marched over the 50% mark, the first growth for the region since 2007. Read More
Let’s talk real estate, Brooklyn style, in my home, on August 17!
Donald Brennan, experienced brownstone Brooklyn pro, will welcome you into his renovated Brooklyn Heights townhouse and give you an insider’s perspective about what’s really going on in today’s real estate market, plus he’ll answer your specific questions.
Date: Tuesday, August 17
Time: 8 a.m. – 9 a.m.
Location: 26 Remsen Street, Brooklyn Heights
At this unique gathering, Brennan will share his in-depth understanding of real estate Brooklyn-style—brownstones, townhouses and other multi-family properties in landmark Brooklyn districts—that will help you maximize the value of your real estate investment.
While you’ll drive the agenda for this informal chat, some of the topics you may learn about include:
So please join us the third Tuesday of every month, starting August 17. And remember to bring your most pressing real estate questions!
To RSVP please contact Betsy Hoffman
email or phone: 917-622-3879
Remember to let us know what you’d like to discuss!
Admission is complimentary.
No brokers, please.
Presented by Brennan Realty Services.
Brennan Realty Services is a licensed real estate brokerage in New York.
Posted in blog | Tagged brooklyn real estate, let's talk real estate