Fake It Till You Make It
When we spoke earlier this month with Corcoran’s Vicki Negron about the recent sale for $7.5 million of a kingly assemblage at 164 South Oxford Street in Fort Greene—a deal on which she acted as the seller’s broker—she expressed hope that the buyer would not badly violate the neighborhood’s pseudo-countrified character. “The new owner Read More
It’s the opera we didn’t know we were waiting for. Read More
When the Belgian artist Marc Lambrechts bought the compound at 164 South Oxford Street in Fort Greene, Brooklyn, in 2000, he had no notion that it would prove such a savvy investment. Back then, he recently told The Observer, “The market was still no good”—evidenced by the fact that Mr. Lambrechts initially paid less than $900,000 for the compound.
The property, which spans 64.5 feet along South Portland Avenue and 43 feet along South Oxford Street, houses an 1865 brick Italianate mini-mansion that is configured currently as a double-duplex and a studio apartment, and a carriage house containing two one-bedroom apartments. A broad expanse of lawn separates the two structures, the smaller of which Mr. Lambrechts in-part converted to studio space, while living himself in an adjacent single-family townhouse, and renting out the apartments at 164 South Oxford. “I was right next door, so the whole thing was very open,” he said. “It was kind of like a communal living situation, with kids always running from here to there. It was very nice. But I just got tired of taking care of it.”
“I made my career on films that probably shouldn’t have been made, economically,” production designer Mark Friedberg once told Capital New York. Either things have recently changed for Mr. Friedberg or he was being awfully humble: his movies might not have made sense economically, but they made enough for him to make what appears to be a record-breaking townhouse buy.
Mr. Friedberg and his wife, Lydia Pilcher, just picked up a three-story brownstone at 32 South Portland Avenue for $3.75 million, blowing past the record 181 Washington Park, which sold last spring for $3.28 million.
Do you live in Fort Greene? Enjoy sipping seasonal cocktails outside of Roman’s, playing fetch with your dog in Fort Greene park, bragging to all your friends about how low key and undiscovered and underrated Fort Greene is? Well, if you rent you should probably start skimming the real estate listings right now, as Fort Greene has been declared Brooklyn’s most livable neighborhood by The L Magazine.
Of course, its hard to tell if readers of the hipster glossy will take the ranking to heart, following the prevailing counter cultural fashions of the day, or if they will display a contrarian streak, as they are sometimes wont to do, and seek out the next industrial wasteland to remake in their tattooed image.
Brooklyn Academy of Music
It has been a summer of stunning performances, victories and defeats, and titles won, lost and held. And no, we’re not talking about the Olympics, but the Brooklyn brownstone market.
In Fort Greene, this summer saw two record-high townhouse sales, with 152 Lafayette Avenue, a four-story Greek revival home coming in a close second to the five-story Fort Greene Park-facing 181 Washington Park, which closed this spring for $3.28 million—setting a record for the neighborhood.
Den of Thieves
Besides the distinctive red brick arches, there is very little left of the old Salvation Army citadel that stood for years, vacant and crumbling, at 321 Ashland Place.
The citadel, like so many other parts of Fort Greene, has been transformed. A seven-story building—the Brooklyn Academy of Music’s new performing arts hall, the Richard B. Read More
Tales of Retail
Ever think “Where’s my wallet?” when walking around the Atlantic Terminal or Atlantic Center malls?
It’s probably missing. The shopping centers have become the “singular crime epicenter in Fort Greene and Clinton Hill’s 88th Precinct,” The New York Times reports.
The 1% percent are at it again! No, today it’s not a solitary fat cat out to get the masses, but the company behind the blue bloods’ consummate accoutrement: Rolex.
You’d think they’d be busy enough in the holiday season polishing their glimmering time pieces, but no! Instead they’re taking on the little guy as embodied in a small Brooklyn delicatessen, the Post reports.
We at The Observer pride ourselves on being able to tag these virtual house tours with a little witticism, which we think pokes fun at the property itself, and thus gives depth to its role in the circus-like New York City real estate scene. That said, we are finding ourselves at a loss for a snarky bon mot while taking in this seemingly flawless Fort Greene listing from Prudential Douglas Elliman.
Then again, we are also fans of having equity, so here goes nothin’…