Townhouse set to smash Fort Greene price record

A Fort Greene passive house is about to break the neighborhood sales record just a few months after it was set. The renovated townhouse at 6 South Oxford Street, a stone’s throw from Fort Greene Park, went into contract last month for roughly $1 million over the $7 million asking price, according to Compass’ Christine Blackburn, who listed the property with her business partner Lior Barack. It was on the market for barely a week.

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Townhouses top Brooklyn luxury market

The two most expensive homes to go into contract in Brooklyn last week were townhouses. A Park Slope townhouse at 608 5th Street built in 1892 topped the luxury market. The five-bedroom, four-bathroom home went under contract asking $11.9 million, according to Compass’ weekly report on signed contracts for homes asking $2 million or more. It has a private garage with a floor-to-ceiling glass rear wall and 14-inch-wide heart oak flooring. The home has outdoor

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Biggie Smalls’ former Fort Greene condo trades hands for above ask

Notorious B.I.G.’s former home lived up to his nickname, selling for well above the asking price. The Brooklyn two-bedroom where Biggie Smalls lived with his wife and her daughter before he was gunned down in LA in 1997 sold for $2 million — $300,000 above its price when it hit the market in September, according to the New York Post. The rapper, born Christopher Wallace, bought it in 1994, the year his debut album “Ready

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Gotham Org’s Fort Greene project overcomes local opposition

UPDATED Oct. 25, 2021, 10:54 a.m.: Gotham Organization got the green light Thursday from the City Council for a controversial plan to develop a 23-story mixed-use building in Fort Greene. The developer would raise the building at 130 St. Felix Street. The project, featuring more than 120 residential units, including 36 below-market condos, would also include an expanded Brooklyn Music School. Most mixed-income developments in recent years have been rentals, but the St. Felix Street

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RXR gets $143M refi for Brooklyn apartment complex

RXR Realty is back in business in Clinton Hill, where the developer secured a $143 million refinancing loan for its 12-story multifamily development at 475 Clermont Avenue. The 10-year, fixed-rate loan, courtesy of MetLife Investment Management, refinances a $125 million construction credit facility arranged in 2017 from JPMorgan Chase and People’s United Bank, according to Commercial Observer. The development on the border of Clinton Hill and Fort Greene has 363 residential units for rent, 70

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Tankhouse plans mixed-use project at Clinton Hill gas station site

A former gas station in Clinton Hill that was once going to be developed by All Year Management has a new owner and a new plan. The development and design firm Tankhouse plans to construct an 87,000-square-foot mixed-use building to 134 Vanderbilt Avenue, Brownstoner reported. The structure could reach 16 stories and require a rezoning, Brownstoner reported. Dumbo-based developer Tankhouse, which was co-founded by the son of architect Thom Mayne, purchased the site in March

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