#Brooklyn Real Estate

[brightwooddesigns]

The perfect 2 bedroom with a study, so everyone in the house has space to breath and spend time in their “own world” before reconvening in the living and dining room.

[jessaerys]

ok. literally need to get high and lock myself out of apartment apps/websites. i started crying over The Apartment and it made me realize i straight up haven't eaten all day 💀💀💀💀💀💀💀

[iliketoseeeverythinginneon]

Instagram: iliketoseeeverythinginneon

[dkaufmandevelopment]

Unlocking New York City’s Potential: The Rise of Office-to-Residential Conversions

Post-pandemic, the great hope for office-to-residential conversions in New York City was that they would address two critical challenges facing commercial real estate: the surplus of office space due to hybrid/work-from-home norms and the affordable housing crisis across the five boroughs.

A Shift in Perspective

Initially, this hope seemed to fall short due to several factors, including the physical limitations of older office buildings—windows and floor plates not conducive to residential use—and zoning complexities. However, over the past year, a positive shift has occurred. Government initiatives, such as New York City’s Office Conversion Accelerator Program (launched last year), the new 467-meter state tax exemption for conversions (with benefits tied to timing and geography), and Mayor Eric Adams’s proposed City of Yes zoning overhaul, are instilling optimism among developers. They now see a path to profitable and productive conversions that contribute to housing solutions.

A Promising Surge

To gauge the growth of office-to-residential conversions, consider this: between 2010 and 2020, New York City witnessed 34 such transformations, according to the Department of City Planning. However, in just one year since the Accelerator program’s announcement, 69 building owners have expressed interest in potential conversions. This surge could mark a pivotal moment in addressing the city’s dual challenges.

Streamlining the Process

The Office Conversion Accelerator Program plays a crucial role. It provides owners undertaking conversions of at least 50 residential units with a central contact within city government. This streamlined approach eliminates the need for separate communication with various departments—City Planning, Buildings, Housing Preservation & Development, Standards and Appeals, and the Landmarks Preservation Commission—to ensure compliance with codes and zoning regulations.

Momentum Building

Recent industry news reflects this momentum. GFP Real Estate and TPG Real Estate recently submitted a Buildings Department application to convert 222 Broadway—a 31-story, 750,000-square-foot office building—into 798 apartments. The estimated cost of this transformation stands at $43.6 million. The project, purchased from DWS in June for $150 million, lists CetraRuddy as the architect.

In summary, New York City’s office-to-residential conversions are gaining traction, offering a glimmer of hope for both the real estate market and affordable housing. As the logjam loosens, developers and city officials collaborate to create a more vibrant and inclusive urban landscape.

[sartoriale-designo]

Satoriale Disegno

Elegance in Design...

[wedesignyouny]

Atlas NYC Property Management, LLC: A Guide to Brooklyn Real Estate Management Company

Choosing the Best Management Company with Atlas NYC: A Guide to Brooklyn's Real Estate Landscape

Brooklyn, a borough known for its rich cultural diversity, has a real estate market that is just as dynamic as its districts. The search for the ideal partner can be intimidating for property owners looking for first-rate management services. Here's Atlas NYC, your go-to resource for first-rate Brooklyn real estate management.

Comprehending the Real Estate Dynamics of Brooklyn

Brooklyn's real estate landscape is diverse and rich, ranging from the brownstone-lined streets of Park Slope to the industrial-chic lofts of Williamsburg. Every area has a distinct personality and draws a particular set of people. Navigating this terrain as a property owner demands skill and a sophisticated awareness of regional patterns.

A Premier Real Estate Management Company's Function

At Atlas NYC, we understand that Brooklyn property management necessitates a customized strategy. Our all-inclusive service package is designed to satisfy the various requirements of landlords:

1. Acquiring and Maintaining Tenants

Using smart marketing to get in desirable tenants

comprehensive procedures for tenant screening

Tenant interactions that are proactive for long-term satisfaction

2. Upkeep and Improvement of Property

routine maintenance and inspections

prompt handling of maintenance requests

Plans for improvements and renovations to raise the value of a property

3. Monitoring and Optimization of Finances

prompt payment of rent and timely financial reporting

Planning a budget and handling expenses

Using smart financial planning to maximize ROI

Why Pick Atlas NYC for Brooklyn Real Estate Management?

At Atlas NYC, we pride ourselves on providing individualized care and a strong dedication to the success of our clients. Since every property is different, we have customized our techniques to suit each one. Whether you are the owner of a single property or a portfolio of properties, our team puts a lot of effort into matching our services to your objectives.

Our web portals, which make use of state-of-the-art technology, give property owners clear access to maintenance records, financial information, and direct communication with our team. You may be sure that you're always in charge of your money and informed thanks to this transparency.

Thriving in the real estate market of Brooklyn 

Having a trustworthy and knowledgeable real estate management partner is essential in a market as competitive as Brooklyn. Atlas NYC ensures that your properties not only endure but also prosper by fusing decades of knowledge with innovative tactics.

Whether you're an experienced investor or looking into Brooklyn real estate for the first time, our team at Atlas NYC is here to provide knowledge, encouragement, and a customized strategy to improve your real estate investing experience.

Are you prepared to learn more about the top Brooklyn property management services available? Come see how we can maximize and improve your real estate holdings by visiting Atlas NYC.

[hayleyrippy]

Sunny Day Real Estate / September 2022 / 35mm Film

-Hayley Rippy

[sbrown82]

ICONIC

[frisbs]

Someone — not the owner of the building — created a competely fake/invented zillow property listing for my apartment and apartment building.

You might be dreaming of buying out my building and tearing it down and charging me a million dollars to live here, but did you have to put it on the internet like it’s already happened? Super sleazy.

[solomonfeder]

Solomon Feder - Real Estate Developer

Solomon Feder brings his talents to the high-end real estate industry and is also the founder of Key Developers, Inc. in Brooklyn, New York. From pre-construction to the final project, Mr. Feder leads a qualified, OSHA-certified team of the best field members, engineers, and architects in completing top-quality projects and a stellar client experience. His company is built on reliable, value-driven processes supported by the skillsets, experience, and standards to deliver the best results.

[brightwooddesigns]

Penthouse overlooking Brooklyn Botanical Gardens - we brought the blue skies and the colorful flowers inside. 

[iliketoseeeverythinginneon]

Instagram: iliketoseeeverythinginneon

[goodhousepics]

Brooklyn, NY

[unrealestateeirik]

What is the Curse of Knowledge?

When we deeply understand a concept, process, or set of facts, it can be incredibly challenging to imagine what it’s like to lack that knowledge. This describes a cognitive bias known as the “Curse of Knowledge,” also known as the “Curse of Expertise.” This one sneaks up on us, especially when we’ve been in a particular field, position, or role for a long time. Often, we unfairly assume that…