Jeff Sutton’s Wharton Properties has unloaded a Midwood commercial building, one of three mid-market investment sales in the city last week. The deals totaled $39.6 million and included three-building multifamily portfolio, a commercial building and an office building. The total was far less than the previous week’s $127 million for eight transactions. Investment sales between $10 million and $30 million are included in the weekly mid-market roundup. Manhattan and Brooklyn were the only boroughs with
City Council leaders just put another nail in the coffin of Bruce Eichner’s big Crown Heights project. City Council Speaker Corey Johnson and Crown Heights Council member Laurie Cumbo issued a joint statement denouncing the rezoning Eichner requested to build his two 35-story tower project at 960 Franklin Avenue. At the crux of the issue are concerns that the apartment towers’ shadows would damage horticulture at the Botanic Garden, Brooklyn’s top tourist attraction. “The Brooklyn
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Photos by Mo Scarpelli Along one of New York’s most rapidly changing boulevards, a look below the surface exposes what—and who—is really driving gentrification in Crown Heights.