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Brooklyn, NY

Brooklyn, NY: The (Condo) Vulture Has Landed

Neil Gronowetter Broker Multifamily Apartment Building Complex: Commercial Real Estate Agent in New York, NY
vultureJamestown Properties, a German-backed investment firm located in Atlanta, purchased a mostly completed luxury high-rise condominium in downtown Brooklyn, New York, for an undisclosed sum. The 246-unit condo, named be@Schermerhorn, located at 189 Schermerhorn Street, was the fourth branded condominium project from SDS Procida Development Group, headed by Louis Greco and Mario Procida. SDS will continue to manage the property. Construction at the high-rise apartment complex in downtown Brooklyn has resumed. Perhaps surprisingly, Jamestown Properties said that he development will remain a condominium. Be@Schermerhorn is the latest development in the downtown Brooklyn area to go through a workout. A few months ago, 30-story luxury condo Forte was taken over by its lender Eurhypo Bank. Jamesport, which was already an equity investor in be@Schermerhorn, said it bought the mortgage at a deep discount, but declined to disclose specifics. A syndicate of four banks led by Wachovia Bank provided the $100 million loan for the project at 189 Schermerhorn St. SDS Procida, the developer of the property located, remains a partner. The sale makes sense in this market. Keeping the units as condos (in anything but name only, until the next cycle) may not be so prudent. About 1,500 luxury condo units are on the market in downtown Brooklyn alone, as rentals.

Inexpensive One Bedroom Apartment in Bay Ridge... Convenient to everything!!!

Luke Constantino: Real Estate Agent in Brooklyn, NY
| (347) 312-4211
85th Street & 5th ave #5, Brooklyn, NY
Inexpensive One Bedroom Apartment in Bay Ridge... Convenient to
everything!!!
1BR/1BA Apartment
$1,000/month
Bedrooms 1
Bathrooms 1 full, 0 partial
Sq Footage Unspecified
Parking None
Pet Policy No pets
Deposit $1,000

DESCRIPTION

Apartment has:
• Parquet floors throughout
• Large bedroom
• Large living room
• Freshly painted
• Refrigerator
• Heat and hot water included
• Laundromat 1/2 a block away

Area has:
• R train
• A few blocks from X27&X37 Express buses into Manhattan
• Buses: B16, B63, B64, B70, S37, S53, S79, S93
• A lot of various stores, restaurants, Bar/lounges, etc.

YOU ARE LITERALLY STEPS AWAY FROM ANY TYPE OF SHOPPING/STORE/RESTAURANT YOU WANT!!!

see additional photos below
RENTAL FEATURES

- High/Vaulted ceiling - Hardwood floor - Tile floor
- Living room - Refrigerator - Stove/Oven
- Cable-ready

LEASE TERMS

• Credit and Background check required
• No pets
• Applications are being accepted on a first come/first serve basis.
ADDITIONAL PHOTOS


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Contact info:
(347) 312-4211

powered by postlets Equal Opportunity Housing
Posted: Nov 8, 2009, 3:58am PST

Prime location in Bay Ridge. You are literally steps away from everything!

Luke Constantino: Real Estate Agent in Brooklyn, NY
| (347) 312-4211
85th Street & 5th Avenue #4, Brooklyn, NY
Prime location in Bay Ridge. You are literally steps away from everything!
2BR/1BA Apartment
$1,300/month
Bedrooms 2
Bathrooms 1 full, 0 partial
Sq Footage Unspecified
Parking None
Pet Policy No pets
Deposit $1,300

DESCRIPTION

• Parquet floors throughout
• Large living and dining rooms
• Freshly painted
• Refrigerator
• Heat and hot water included
• Laundromat 1/2 a block away

Area has:
• R train
• A few blocks from X27& X37 Express buses into Manhattan
• Buses: B16, B63, B64, B70, S37, S53, S79, S93
• A lot of various stores, restaurants, Bar/lounges, etc.

LITERALLY STEPS AWAY FROM ANY TYPE OF SHOPPING/STORE/RESTAURANT YOU WANT!!!

see additional photos below
RENTAL FEATURES

- High/Vaulted ceiling - Hardwood floor - Tile floor
- Living room - Dining room - Refrigerator
- Stove/Oven - Cable-ready

LEASE TERMS

• Credit and Background check required
• No pets
• Applications are being accepted on a first come/first serve basis.
ADDITIONAL PHOTOS


Photo 1

Photo 2

Photo 1

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Contact info:
(347) 312-4211

powered by postlets Equal Opportunity Housing
Posted: Nov 8, 2009, 3:55am PST

Ultra Modern 1 Bedroom Apartment in Upper Bay Ridge

Luke Constantino: Real Estate Agent in Brooklyn, NY
| (347) 312-4211
9448 Ridge Blvd, Brooklyn, NY
Ultra Modern 1 Bedroom Apartment in Upper Bay Ridge
1BR/1BA Apartment
$1,300/month
Bedrooms 1
Bathrooms 1 full, 0 partial
Sq Footage Unspecified
Parking None
Pet Policy No pets
Deposit $1,300

DESCRIPTION

This is a very beautiful, renovated 1 bedroom apartment in the upper 90's area of Bay Ridge.
A very safe, quiet neighborhood which is far enough to be private, but close enough to be convenient!
Apartment has:

• Large, beautiful living room (15X9)
• Eat in kitchen with stainless steel appliances
• Master bedroom
• Main bathroom
• Heat and hot water included
• Totally renovated/modern with hardwood floors.
• Freshly painted
• Refrigerator included

Area has:

• R train
• One block away from X27 & X37 Express buses into Manhattan
• Busses: B16,B63,B64,B70, S37,S53,S79,S93
• A block away from Shore Parkway
• Recreational Park overlooking the NYC skyline w/tennis courts
• A few blocks away from Dyker Park Golf Course
• A very large variety of prime shopping, stores, restaurants, specialty food stores, bars, lounges, etc.
This apartment has everything you need.

see additional photos below
RENTAL FEATURES

- Walk-in closet - Hardwood floor - Tile floor
- Living room - Refrigerator - Stove/Oven
- Granite countertop - Stainless steel appliances - Cable-ready

LEASE TERMS

• Credit and Background check required
• No pets
• Applications are being accepted on a first come/first serve basis.
ADDITIONAL PHOTOS


Photo 1

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Contact info:
(347) 312-4211

powered by postlets Equal Opportunity Housing
Posted: Nov 8, 2009, 4:09am PST

Renovated 2 Bedroom Apartment on 66th Street off Ft Hamilton Parkway

Luke Constantino: Real Estate Agent in Brooklyn, NY
| (347) 312-4211
1026 66 Street, Brooklyn, NY
Renovated 2 Bedroom Apartment on 66th Street off Ft Hamilton Parkway
2BR/2BA Apartment
$1,350/month
Bedrooms 2
Bathrooms 2 full, 0 partial
Sq Footage Unspecified
Parking None
Pet Policy Cats, Small dogs (< 25lbs)
Deposit $1,350

DESCRIPTION

Renovated apartment in a pre war building is convenient to everything...

Apartment

·Newly renovated kitchen

·New Stove

·New Refrigerator

·Parquet floors

·Newly renovated bathroom

·Heat and hot water included

Area

·2 short blocks from N train

·Steps away fromB16 & B9 buses

·Close to restaurants and shopping

·Library and schools close by

see additional photos below
RENTAL FEATURES

- High/Vaulted ceiling - Hardwood floor - Living room
- Refrigerator - Stove/Oven - Cable-ready

LEASE TERMS

• Credit and Background check required
• No pets
• Applications are being accepted on a first come/first serve basis.
ADDITIONAL PHOTOS


Photo 1

Photo 1

Photo 2

Photo 3

Photo 4
Contact info:
(347) 312-4211

powered by postlets Equal Opportunity Housing
Posted: Nov 8, 2009, 4:57am PST