Brooklyn Living

The Insider’s Real Estate and Neighborhood Guide • Fall 2010

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minutes to manhattan, moments to everything

By Erica Bauman


Cobble Hill Park (above) and Street scene in DUMBO

or years, Brooklyn has lived in Manhattan’s shadow. Young hopefuls moving to New York give their regards to Broadway, not Atlantic Avenue, and Brooklyn’s been left to play second fiddle. Nothing quite sums it up better than the borough-depressed Miranda in the “Sex and the City” movie: “Carrie: New York Magazine says Brooklyn is the new Manhattan. “Miranda: Yes, but whoever wrote that lives in Brooklyn.” But Brooklyn has solidly stood it’s place, not as flashy as Manhattan, but confident it its equal appeal. Brooklyn has sat across the river from Manhattan as a reflection of the city—similar, but not identical. The skyline similarly cuts the sky, and the art and music scene is just as respectable as any in Manhattan. What makes Brooklyn unique is the escape it offers. Manhattan offers continuous excitement and activity, but Brooklyn offers a relaxing counterpoint, a place where people take walks for its own sake and

sit on the stoop at night to talk. It argues that slower is not necessarily a bad thing, and brings forth a sense of small town familiarity in a Metropolis. “You’re still in a city, but it feels so much more neighborhoody at times,” says Sarah Burke, Executive VP and VP of Sales for the Williamsburg office of Prudential Douglas Elliman. “You know your local market, your local store owners, you shop there, your kids know them.” The sense of community draws not just families, as the population is one of the densest in the area, second only to Manhattan.

“When you’re looking for an apartment in Brooklyn, you’re looking for a home,” she added. “One thing that’s great about Brooklyn is you can get more space for your money. What I say to people looking to buy an apartment is that you have to think of where you’ll be in five years.” It helps that each of Brooklyn’s neighborhoods is distinct and different, seemingly able to match any personality. “Brooklyn is much more clearly defined as neighborhoods,” says Deborah Rieders, Senior Vice President for Corcoran in Brooklyn. “The scale is much smaller. It reminds people of old Manhattan—there are different flavors and different characters in each neighborhood. It’s much more defined. Manhattan’s more one big neighborhood.” Which is why Brooklyn’s real estate market was so quick to recover after the real estate downturn. “We bottomed last September,” HIll: by j_bary;DUmbo: by flippage


minutes to manhattan

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says David Maundrell, founder and president of “We’ve seen the entire market turning up and prices on a whole turning up since them. Things are pretty stable at the moment. For what we’re seeing in terms of open houses and offers, we’re seeing strength.” Brooklyn’s unique culture and way of life has progressively become more prominent and alluring to buyers, and the affordability of the area has proven a huge draw in the recession. “Brooklyn is more like a city amongst itself,” Mr. Maundrell continues. “People used to come to Brooklyn strictly for value. People are coming to Brooklyn now for the lifestyle, the restaurants, the shops. It’s not just a fallback anymore.” Joe marinaro


The neighborhood of Williamsburg has become notoriously trendy—a neighborhood of hipsters and underground music and undiscovered talent. In reality, the cultural diversity of this area is what makes it such a colorful place. Because of Williamsburg’s culture, as well as its proximity to Manhattan, it has developed a rich dining, nightlife, and art scene. “It’s much more industrial in Williamsburg,” says Ms. Burke. “It’s for explorers.” While the overall feel of the neighborhood has remained consistent, it’s the little things that change—the new shops and neighborhoods that keep popping up in an area that’s always evolving. “Williamsburg is the newest and liveliest up and coming community,” says Issac Krispin, President of Urban Sanctuary. “In a few years it has gone from an industrial area to one of the most popular places in Brooklyn. The Bedford Avenue corridor has you experience the ‘Village’—east, west, north, and south.” And change is easy for Williamsburg. The area is made up of converted warehouses and

factories, an industrial blank canvas that is more easily adaptable that the brownstones found elsewhere in Brooklyn, and can be molded to its creative residents’ needs.

Park Slope

“Park Slope is a wonderful area with an abundance of good schools,” says Mr. Krispin. “There also are quite a

few shops and restaurants that will intrigue and satisfy your appetite.” But, most distinctively, Park Slope is known for the dogs. On any sunny weekend, residents can be seen pushing strollers while being pulled along by excited pooches. The area is the closest Brooklyn gets to resembling the suburbs, with rows of brownstones along quiet, tree-

In the Pink: a brownstone in Park Slope


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Reflecting in DUMBO (below) and Bedford Avenue street art (right) lined streets. Even the commercial thoroughfares of Fifth and Seventh Avenues seem more Main Street than their Manhattan counterparts. And shop owners know their neighbors—owners leave out bowls of treats for their four-legged friends while their owners peruse their merchandise inside.

Cobble Hill

Carroll Gardens

Carroll Gardens’ name is fitting, as a walk down the shady, treelined streets reveals brownstones with gardens and emerald parks. Brownstones in the historic district showcase the recessed building design that was unique to the area—brownstones set at a distance from the street, with expansive front gardens.

This historically Italian neighborhood is a mix between the old and the new. Classic Italian delis and barbershops sit next to trendy restaurants, while rows of brownstones borrow the Italianate style architecture. The residents themselves are a blend of the old and new, as young professionals have been flooding to the area. “Some people, I find, like to have something different from where they work,” says Ms. Burke. “They like Cobble Hill because it’s much more residential.” This influx of young commuters has brought a vitality to the neighborhood, as nearby Smith Street has gained a reputation as a weekend nightlife escape for social Brooklyn-ites.


Dumbo, whose name in an acronym for “Down Under the Manhattan Bridge Overpass”, has earned a reputation as an artists’ paradise. The neighborhood hosts a bevy of art galleries that overlook the waterfront and views of Lower Manhattan. The area, formerly a manufacturing district, is comprised of historic warehouses and factories, many of which have been converted into lofts. Mr. Maundrell, a resident of Dumbo himself, says what drew him to the area was “the sleepiness of the neighborhood, it’s quiet. You walk down the street at night and it’s quiet. I also love the industrialness of it. I’m attracted to it—a lot of people are drawn to lofts.”

good and it’s so near the city. It’s a little more isolated because it really comes alive during the day, and by night it tends to quiet down. They’re fancier, full service buildings that act as a self-contained neighborhood.”

Brooklyn Heights

Downtown Brooklyn

Downtown Brooklyn is the largest central business district in Brooklyn, and offers a unique skyline of office high-rises to rival the skyline across the river. More recently, though, residential developments such as condominium towers have begun to crop up. “Downtown Brooklyn has a lot of new high rises,” says Ms. Rieders. “I think people move to the high rises more because the prices are

Brooklyn Heights, one of the neighborhoods with the shortest commute to Manhattan, is also one of its most visually stunning. With skyline views, rows of brownstones, and nearby public parks, the area has the best of everything. “Brooklyn Heights was the first neighborhood to become a landmark neighborhood, so it has a special feel,” says Ms. Rieders. “You have incredible architecture that’s been preserved, brownstones, and pre-war service buildings. It’s all incredibly beautiful and incredibly preserved.” Residents can spend the day at Columbus Park and go out at night to the wide selection of bars on Atlantic Avenue. “Brooklyn Heights by day has the feel of the hustle and bustle of Midtown Manhattan,” says Mr. Krispin. “There are a lot of businesses, as well as executive offices in the neighborhood, not to mention the court house in the vicinity. By night, it is one of the quietest neighborhoods in New York City.” (bElow) by ADAm lERNER; bEDFoRD Av. mURAl by SImoN wElSH

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A band at Barbés and The Gutter (below)

Out and about
New York is the city that never sleeps, so it’s only natural that New York’s idea of a lazy weekend is anything but. With so many things to do, it’s impossible to stay in your pajamas all day, and Brooklyn is no exception. Each neighborhood has its own style, infusing their own flair on neighborhood bars, shops, and museums, so for residents, a lazy weekend always involves going out.

in Brooklyn
Park SloPe
The Brooklyn Museum (200 Eastern Parkway, 718-638-500), a soaring classical construct, is distinguished as one of the oldest and largest art museums in the country. Offering a range of art from the Ancient Egyptians to the contemporary, there’s really something for everyone. Current visiting exhibitions include the work of Fred Tomaselli and “Seductive Subversion: Women Pop Artists, 1958-1968.” Don’t forget to walk next door to the Botanical Gardens (900 Washington Avenue, 718-623-7200), which just celebrated its Centennial. Get lost in the fall colors, enjoy guided Tree Walks, or sit in on one of their Natural History workshops. For the alcohol connoisseur, check out the weekly beer tastings at Bierkraft (191 Fifth Avenue, 718230-7600) and expand your palate. The event happens every Tuesday evening, with the occasional local brewer stopping by to discuss their beer. Loki Lounge (304 Fifth Avenue, 718-965-9600), named after the Norse God of Mischief, offers a friendly oak bar in the front and a hip Victorian lounge in the back. A

By Erica Bauman

chic version of a neighborhood bar, you get a perfect blend of familiarity and Manhattan atmosphere (but without the prices). Barbès (376 9th Street, 347422-0248) brings the hot jazz of Paris to Brooklyn. With an extensive collection of Single Malt Scotch and large performance space, the bar offers music events, readings, and film screenings on a regular basis. Puppets Jazz Bar (481 Fifth Avenue, 718-499-2622) offers Brooklyn-ites live jazz seven days a week. There’s no cover charge, but the owners require a 1-item purchase minimum, and tips for the band.


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Painting at the DUMBO Art Center

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Downtown brooklyn ARTS cENTER by See-ming lee

Brooklyn Flea (176 Lafayette Avenue on Saturday, 1 Hanson Place on Sunday) is a treasure hunter’s dream. With two locations and hundreds of vendors, you’re sure to find something fabulous to bring home. Be sure to bring an empty stomach and a full wallet, as the wide selection of food vendors is impossible to resist. BAM (651 Fulton Street, 718636-4100) holds the title of being America’s oldest continuously operating performing arts center, and their Next Wave Festival brings to Brooklyn cutting edge theater and art from across the country. 31 Rockwell’s (31 Rockwell Place, 718-488-9879) is a Brooklyn establishment with the lure of a large dance floor and Soul classics every first Friday. The kitchen in open late into the night, so you can snack and dance the night away. Annie’s Blue Ribbon General Store (365 State Street, 718-522-9848) is an urban general store that offers unique products to make your home original. Swing by for quirky pieces to call your own.

brooklyn HeigHtS

as well as the Manhattan skyline. With seasonal events like Movies With a View, Fall Harvest Festival, and Waterfront Workouts, there’s always a reason to come out. Melville House Publishing (145 Plymouth Street, 718-7229204), an independent publishing house that originated in Hoboken, offers a collection of local writers, offered exclusively in their bookstore, as well as author readings. 68 Jay Street Bar (68 Jay

Street, 718-260-8207), housed in an old Grand Union Tea Company warehouse, has a warm architectural space that’s used to showcase different art. Forsaking loud music for the sake of conversation, it’s the place to unwind with a beer. reBar (147 Front Street, 718766-9110) easily combines the chic and the rustic to create a unique experience. It offers an impressive variety of beer and upscale bar snacks, but check

before you go—this popular bar is frequently closed for weddings on the weekend. And don’t forget to visit reRun, the indie cinema just down the hall that offers a gourmet twist to concession stand fare. Dumbo Arts Center (30 Washington Street, 718-694-0831), founded in 1997, is a non-profit arts organization that brings the visual arts to the local community. Young artists can experience an Artist Opportunity Workshop or

Brooklyn Historical Society (128 Pierrepont Street, 718222-4111) makes the history of Brooklyn a vibrant, tangible thing for residents. It charts Brooklyn’s 400-year history, particularly in the exhibit “It Happened in Brooklyn”, which marks how national historic events affected Brooklyn’s residents. Brooklyn Heights Cinema (70 Henry Street, 718-596-7070) brings an old-world cinema to modern New York— the intimate theater specializes in the films

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Browsing the Brooklyn Flea

most megaplexes overlook. The theater also hosts several film festivals throughout the year, such as the Brooklyn International Film Festival and the New York International Children’s Film Festival. Floyd (131 Atlantic Avenue, 718-858-5810) is the site of one of Brooklyn’s favorite sports—Bocce. This neighborhood bar brings together great beer and the game of Bocce for a great night out. Waterfront Ale House (155 Atlantic Avenue, 718-522-3794) is the quintessential local hangout. The bar’s logo wryly claims that it’s the home of “warm beer, lousy food, and ugly owner”, but those who venture inside can find a large selection of local brews and snacks like venison chili.

boerum Hill/ Cobble Hill/ Carroll garDenS

The Brooklyn Inn (148 Hoyt Street, 718-522-2525) is an antique European transplant, and updates its dusty charm with modern touches like a billiards table and an eclectic jukebox selection. It gets a little crowded in this neighborhood staple, but it’s easy to still enjoy their great beer selection standing up. Building on Bond (112 Bond Street, 347-853-8687) is a fantastically modern spot that is a café by day, bar by night. There’s a rustic, salvage yard feel to the place where beer (literally) flows from the ceiling. The JakeWalk (282 Smith Street, 347-599-0294), a bar that

takes its name from a Prohibition era medical condition, celebrates the legality of alcohol with a wide array options. It’s difficult to choose just one, so prepare for seconds or thirds. Something’s always happening at Last Exit (136 Atlantic Avenue, 718-222-9198), from Pub Quiz nights to dance parties on the weekend. It’s ideal for those who want to go out without going into Manhattan. BookCourt (163 Court Street, 718-875-3677), a small local bookstore, has a huge selection of fiction, non-fiction, Brooklyn authors, and kid’s books. The shop offers readings of the authors they print on their own press, as well as more mainstream locals. Carroll Park (Bordered by

Carroll, Court, President, and Smith Streets) is one of Brooklyn’s oldest parks, and a great place to relax when the weather is nice. With a playground for the kids,

Mast Brothers Chocolate bars

Bocce courts, and restaurants nearby, it’s a great weekend outing for the whole family.


The Gutter (200 North 14th Street, 718-387-3585) is a combination bar and bowling alley. Besides the usual 10 pin, the bar also offers trivia and latenight specials. Barcade (388 Union Avenue, 718-302-6464) makes kids out of grownups. With an impressive list of beers on tap and vintage arcade games. Pac-man here we come! Mast Brothers Chocolate (105 North 3rd Street, 718-3882625) is one of the few artisan chocolate makers in the United States. The company gets it’s

cacao from small family farms and makes each bar by hand to make some exceptionally rich chocolate. Williamsburg Art & Historical Center (135 Broadway, 718-486-7372) functions as a home for different styles of art – both local and international – from emerging and established artists. Get lost in its latest exhibit, “Tri-Fold: New Perspectives on Book Arts.” In a neighborhood known for its vintage shops, nothing tops Buffalo Exchange (504 Driggs Avenue, 718-384-6901), where shoppers can trade in their old clothes for new(ish) ones. For true treasure hunters, dive into the Exchange’s racks to unearth buried designer finds.

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11/2/10 10:55:34 AM


Eat American at Williamsburgh’s Dressler Restaurant


Most Wanted:
By Eva Karagiorgas, Gilt City Restaurant Curator scorching debate in New York City’s undulating food landscape is whether the restaurant scene in Brooklyn is on par with that of Manhattan. A classic case of the hipster vanguards versus the culinary aristocracy. These so-called discerning foodies tend to hold stock in their neighborhoods, unable to qualify why exactly that great little neighborhood joint is the best. As a Manhattan born and bred bon vivant living in Brooklyn and a guardian of all things gastronomic, I happen to love the ease of dining in Brooklyn, the lack of pretense and wealth of small-town warmth (or

The discerning gourmands guide to the Kingdom

indifference, depending on the day) make for a usually enjoyable and relaxing meal no matter the price point. The churn and burn of dining in Manhattan does not exist on the quiet hills of Park Slope and Prospect Heights, nor does it live in the tranquil coarseness of DUMBO or Williamsburg. Rest assured dear Manhattanites who won’t trot over a bridge for this fine fare; we’re just fine keeping this curated list of the best in Brooklyn dining to ourselves.

Robbie Richter and his team for this Southeast Asian inspired BBQ joint. Highlights? The Nam Prick, Beef Brisket and Lamb Shoulder knocked back with a few too many dark and stormy’s, which are exquisitely made with a spicy Thai rum. The décor is wood cabin meets tree house, a perfect setting to indulge in the most current restaurant in Brooklyn. Diner (85 Broadway, Williamsburg, 718.486.3077). One of the first to foray into the borough of Kings, Diner may be The One that started it all. Showcasing the fatiguing “trend” of local and seasonal ingredients, Chef Sean Rembold keeps his diners awake

Fatty ‘cue (91 S. 6th Street, Williamsburg, 718.599.3090) Hands down, paws up for pit master


All photoS bY michAel hArlAn turkell

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with a menu that changes every night in a retro-casual, almost trailer-like setting. Marlow & Sons (81 Broadway, Williamsburg, 718.384.1441) The progeny of the Diner founders birthed one of the closest gastronomic experiences to that of France. With briny oysters, funky cheeses, house-made charcuterie and a famous Brick Chicken entrée, this small and well executed menu riffs on local ingredients. A must. Roberta’s (261 Moore Street, Bushwick, 718.417.1118) This cozy far-flung eatery serves up blistery pizza from a wood burning oven and is worth the minor trek to Bushwick. With a well curated meat and cheese plate plus a pizza called the Cheeses H. Christ, could one really go wrong? The rustic and effortlessly cool setting is perfect for a first date or last meal. Dressler (149 Broadway, Williamsburg, 718.384.6343) Yet another reason to go over the river and into the woods; and this one comes with a Michelin star. Simple yet sophisticated American fare shines in the elegantly appointed dining room which glows with uptown swank. Fette Sau (354 Metropolitan Avenue, Williamsburg, 718.963.3404) “Fat pig” in German, Fette Sau lives up to its moniker. The décor is appropriately industrial and the BBQ is some of the best in the North East. Using a secret dry rub on heritage meats cooked in a 500lb gas-and-wood-fired Southern Pride smoker, you’ll have to order meats such as the hand-pulled Berkshire shoulder or house cured pastrami by the pound. Fête Sau, indeed. Pies ‘n Thighs (166 S. 4th Street, Williamsburg, 347.529.6090) Don’t

brothers Bromberg and featuring the same burgers to bone marrow menu, Blue Ribbon Brooklyn is worth bearing the wait. Always raucous in this warm dining room, your best bet is to go with a group and order a slew of appetizers from oysters and escargot to bone marrow and steak tartar. Coupled with a few martinis, you have yourself a Blue Ribbon meal. Convivium Osteria (68 5th Avenue, Park Slope, 718.857.1833) Dark and cavernous, this Mediterranean small plates sterna is little talked about among Brooklyn gourmands. An atmosphere reminiscent of a rustic farmhouse somewhere in Southern Europe, and food influenced by the tapas tradition of Spain, Portugal and Italy, Convivium Osteria is undoubtedly a transporting experience. Al di La (248 5th Ave, Park Slope, 718.783.4565) This Venetian trattoria is perpetually mobbed but well worth the wait. Pasta, risotto and ravioli are prepared with soul and with thoughtful care to ingredient selection and preparation methods. You will have to wait the 20 minutes it takes to cook risotto properly but you can rest assured that never is there a short cut taken at this authentic eaterie.

let the name turn you off (or on); this charming den of fried sin lies on a quiet corner of Williamsburg. Let your taste buds be violated by the crispy on the outside, juicy on the inside fried chicken and don’t be shy about ordering a smattering of sides: the mac and cheese, biscuit and hush puppies are tantamount to any other sides I’ve had … and do not leave without a slice of the best key lime pie this side of the MasonDixon line. Egg (135 N 5th St, Williamsburg, 718.302.5151) What’s in a name? This tiny spot that serves up the best breakfast in New York City serves up a worth-the-calories

Duck Hash and grits from Anson Mills for breakfast. During lunch hours, your best bet for a gyminducing meal is the deep fried chicken. With a biscuit, of course.

Dumbo/Vinegar Hill
Vinegar Hill House (72 Hudson Ave, Vinegar Hill, 718.522.1018) Arriving at Vinegar Hill House, one tends to get the “just stumbled upon” feeling of wandering down a rabbit hole. With a wood burning stove and flea-market furnishings, former Freeman’s chef Jean Adamson serves up comforting and voraciously seasonal American food often plated thoughtfully with a cast iron skillet here, a wood board there. The pork chop

park slope
Blue Ribbon Brooklyn (280 5th Avenue, Park Slope, 718.840.0404) A bustling off-shoot of the Manhattan original from the

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Brooklyn Fare (200 Schermerhorn Street, Downtown Brooklyn, 718.243.0050) With a bio that reads “recipes are made to be broken”, former Bouley Executive Chef Cesar Ramirez prepares an 8 to 10 course, constantly changing, chef-driven menu for those-in the-know. With only 18 seats and

brooklyn HeigHts
Noodle Pudding (38 Henry Street, Brooklyn Heights, 718.625.3737) This increasingly popular, neighborhood Italian joint is always lively and crowded– no doubt due to the consistent, traditional Italian fare and dearth of edible food in Brooklyn Heights. Disregard the

occasionally grumpy server, elbow your way through the crowd and order the hearty Osso Buco and Lasagna Bolognese with a bottle of decently priced Italian wine. You will leave feeling satisfied without breaking the bank.

Estella in Great Expectations: beautiful but raised to torment men and break their hearts. Saul’s (140 Smith Street, Cobble Hill, 718.935.9844) One of the only white-tablecloth digs in Brooklyn, Saul’s enters our palates with divine ingredient-driven New American dishes. Saul Bolton arrived on Smith Street via Le Bernadain and Bouley and it shows. The superb service coupled with exquisitely prepared dishes and a famed Baked Alaska make for one of the best meals Brooklyn has to offer. Seersucker (329 Smith Street, Carroll Gardens, 718.422.0444) One of the newest restaurants on the increasingly mediocre landscape of Smith Street restaurants, Seersucker is a breath of fresh air. A seasonal menu with a “cleanedup Southern” ethos delivers some of the tastiest American fare: from the chicken and dumplings to country cassoulet plus pimento cheese and gorgeous biscuits, Seersucker will not seersuck. Prime Meats (465 Court Street, Carroll Gardens, 718.254.0327) From the Franks of Frankie’s Spuntino fame, comes this verified meat-centric hit with a nod to the Prohibition era. Procuring product from small, local farms and a belief in the American artisan tradition, the menu is simple, straightforward and utterly delicious. The Victorian atmosphere, complete with dark wood and vestedbartenders, complement the menu and handcrafted cocktails perfectly. For questions or comments please email Eva at Wiilliamsburgh’s gourmet favorite Fette Sau

prospect HeigHts
Franny’s (295 Flatbush Avenue, Prospect Heights, 718.230.0221) A neighborhood favorite with heart for the sustainable movement, Franny’s serves as a more than decent reason to hail a cab to Prospect Heights. A wood burning oven serves as the center piece in the open kitchen and the fragrant pies are the star of the show but let your meal be made up of the salami pasta dishes such as my personal favorite, the Maccheroni with Pork Sausage and Dandelion Greens.

bococa (boerum Hill/cobble Hill/carroll gardens) Mile End Deli (97A Hoyt Street, Cobble Hill, 718.852.7510) The tradition of the kosher deli is still alive and well in New York but Mile End Deli has reinvented the concept and serves up housecured local meats and the best beef brisket in New York. A native Montreal, Noah Bernamoff brings the Montreal smoked-meat tradition to Brooklyn and has garnered a hipster-cum-foodie following in his wake.
Lucali (575 Henry Street, Carroll Gardens, 718.858.408) Mark Iacopo’s hand made wood burning oven churns out this neighborhood’s best kept secret. Well, sort of. Lines begin promptly at 6pm when the dimly lit, gorgeous and warm room opens for service. Mr. Iacopo and his team assemble the pizzas on a wood table, located center stage for all to bask in the cornucopia of ingredient glory. Long lines, a cash only policy and BYOB, Lucali is like the Dicken’s character of

asian bistro & bar
chance is the most popular and exciting restaurant on smith street, where you can find creative pan-asian cuisines served with stylish presentation. 223 smith street, brooklyn, ny 11201 19 tel. 718.242.1515 fax. 718.243.2900

The table below presents recorded sales data of condos, co-ops and townhouses in Brooklyn and within the Williamsburg/Greenpoint, DUMBO, Brooklyn Heights, BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens), Park Slope, Downtown Brooklyn, Windsor Terrace, Kensington, Fort Greene and Propsect Heights markets. Data is from the third quarter of 2008, 2009, and 2010. Overall, the vol-


real eState SnaPSHot
ume of transactions this past third quarter is slightly lower than last year and still much lower than 2008 levels. Median median and average prices had price gains in areas like Park Slope, Brooklyn Heights, BoCoCa, Windsor Terrace, Kensington, Fort Greene and Propsect Heights. However, areas like Williamsburg/Greenpoint and DUMBO witnessed slight median price declines since last year.

august recorded Sales
ALL BROOKLYN Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3

recorded sales of condos, co-ops or houses in brooklyn (as of 08/15/2010) Closing Count Median Price 3,362 514,608 2,681 467,500 2,606 470,000 -2.8% 0.5% -22.5% -8.7% Closing Count Median Price 327 549,855 178 564,555 280 537,661 57.3% -4.8% -14.4% -2.2% Closing Count Median Price 22 1,041,993 17 810,000 23 733,000 35.3% -9.5% 4.5% -29.7% Closing Count Median Price 92 579,000 72 605,000 98 825,000 36.1% 36.4% 6.5% 42.5% Average Price 574,699 521,148 548,768 5.3% -4.5% Average Price 627,670 579,158 567,955 -1.9% -9.5% Average Price 1,250,591 708,805 742,918 4.8% -40.6% Average Price 830,260 930,313 1,145,902 23.2% 38.0%





BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens)

Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3 Closed On 2008Q3 2009Q3 2010Q3 2010Q3 v. 2009Q3 2010Q3 v. 2008Q3

Closing Count Median Price 68 899,365 101 575,201 56 977,500 -44.6% 69.9% -17.6% 8.7% Closing Count Median Price 210 644,042 142 588,250 162 755,000 14.1% 28.3% -22.9% 17.2% Closing Count Median Price 82 650,840 43 625,000 76 600,070 76.7% -4.0% -7.3% -7.8% Closing Count Median Price 52 664,407 38 517,500 29 534,000 -23.7% 3.2% -44.2% -19.6% Closing Count Median Price 81 295,000 50 302,500 39 414,250 -22.0% 36.9% -51.9% 40.4% Closing Count Median Price 40 689,520 45 529,790 30 596,396 -33.3% 12.6% -25.0% -13.5% Closing Count Median Price 63 553,000 75 507,000 64 540,000 -14.7% 6.5% 1.6% -2.4%

Average Price 1,039,184 706,268 1,096,822 55.3% 5.5% Average Price 749,556 720,163 855,440 18.8% 14.1% Average Price 757,165 665,386 660,580 -0.7% -12.8% Average Price 637,874 528,461 554,287 4.9% -13.1% Average Price 408,555 396,967 459,688 15.8% 12.5% Average Price 788,161 631,922 699,027 10.6% -11.3% Average Price 607,090 653,543 606,644 -7.2% -0.1%







by erica bauman

brooklyn in a bottle
Steve Hindy is one of the co-founders of Brooklyn Brewery, which has grown to become one of America’s top 40 breweries. Now a staple of the Williamsburg, the brewery’s beer showcases the best of the neighborhood.
rooklyn Brewery takes its name from the neighBorhood. what is it aBout Brooklyn that inspires your Beer? Brooklyn once was a great brewing center. A hundred years ago, there were 48 breweries here. It was bigger than St Louis and bigger than Milwaukee. But none of the breweries were named Brooklyn. They were named after the German immigrants who started them. Brooklyn is a fascinating place. It is filled with strivers like me, people who want to do something great with their lives and who don’t mind getting their hands dirty. I like to think the Brooklyn brand, and our great beers, express the sense of creativity and urban toughness that to me defines Brooklyn. what’s the Best part of working in Brooklyn? The people, definitely. Just last month, we participated in an opening at the Brooklyn Museum by the very successful artist Fred Tomaselli. Originally from LA, Fred came to Brooklyn about 25 years ago, the same time I arrived here. He worked very hard on his painting and is now known all over

you’ve lived in Brooklyn for a while—what Changes have you notiCed in the neighBorhood? I could write a book about this. The first day we delivered beer, Teddy’s Bar in Williamsburg was one of our five original customers. For years, Teddy’s was our only customer in Williamsburg. Today, there must be 300 great bars and restaurants in Williamsburg and Greenpoint. I cannot keep up with the new places. The apartment towers on the formerly barren waterfront are filling up with people who probably never imagined they would end up in Brooklyn. Young people are pouring into Brooklyn from all over the country, and the world. We sell in 16 foreign countries and 25 states, and none of our distributors doubts the power of Brooklyn. what are some of your favorite plaCes in Brooklyn? We live in Gowanus in a wood frame house that was built in 1840 by a family that ran a 300 acre potato farm. I live what is happening in Gowanus. I shop at Meat Hook in Greenpoint, Four and Twenty Blackbirds, the pie-baking sisters from South Dakota are on the corner of my block, right beside Michael and Ping’s, the first green Chinese Restaurant. Just around the corner is Bar Tano and The Bell House. I love Peter Luger’s steaks (It took me nine years to sell them Brooklyn Lager!) I’m a big fan of the Brooklyn Museum, the Botanic Garden, BAM, Arts at St Ann’s, and I am excited to see the Theater for a New Audience is coming to town. There were 30 great restaurants near the brewery where we can have lunch any given day. And there are so many new restaurants and bars to explore, even in Bushwick, where our first warehouse was located. Just a couple of weeks ago, our Italian importer took me to a great new restaurant in Bed-Stuy, Saraghina. Incredible pizza and entrees in the evening—as good or better than anything you find in Italy! Fairway in Red Hook. I could write another book on this one.


the world. I’ve met many other artists of all kinds and writers who have made it in Brooklyn. Brooklyn is a magnet for creative, ambitious people. your Brewery was the first new york City Company to run Completely on windgenerated eleCtriCity. do you see your Business as a role model for green praCtiCes? We decided to buy our electricity from windmills in Upstate New York after that blackout in 2003. It just seemed like the right thing to do. Our board was not overjoyed by the idea: it cost more money than plain old ConEd electricity. But they went along with it. Turns out it has been applauded by many of our customers. But honestly, we try not to toot our horn to much on this. It’s a choice we made; I don’t press it on others.

what is it that drew you to Brooklyn in the first plaCe? what makes it so unique? I was born in Parkersburg, West Virginia, and grew up in southeastern Ohio. The first time I came to NYC, I was 8 years. It was 1957 and I was here with my mother and grandmother for the Billy Graham Crusades. Mom and Grandma got saved seven nights in a row. I fell asleep seven nights in a row. (During the day, we walked all over Manhattan, shopping.) We went to the last Brooklyn Dodger’s game at Ebbets Field. My Dad played professional baseball, and we were big baseball fans. A couple of years ago, my mother was visiting and I told this story to my kids. My daughter Lily said, “Grandma, did you ever imagine Steve would own a brewery in Brooklyn?” My 84-year-old Mom replied, “You know, that trip kind of back-fired on me!” At Cornell, there were so many kids from Brooklyn, and they all had a kind of cool swagger that I envied. We settled in Brooklyn when I returned from a six-year stint with Associated Press in the Middle East. Brooklyn is just an incredibly diverse and energetic place. I love it. PIc by technicolorcavalry; bottom pic by [casey]

All Around the World Seven Days a Week


1-888-236-3055 212-787-9855 718-292-6634

Advertisers directorY
Brooklyn ‘s newest iconic tower is now over 65% sold and available for immediate occupancy. This SOM designed building offers residents an indoor pool, attended lobby, fitness room, roof terrace and a 25 Year 421-A tax abatement. On track for Gold LEED certification, Toren features its own on-site cogeneration plant- one of the first in a NYC residential tower. FHA & Fannie Mae approved. Offering Studio to 3-bedroom homes from $392K-$1.495M. For more information visit www. or call 718-222-8673

Situated at the junction of Cobble Hill, Boerum Hill and Brooklyn Heights , and steps from all major subway lines to Manhattan , be@schermerhorn offers the best of both boroughs. Fine dining and shopping are moments away along Atlantic Avenue , Smith and Court Streets, while – closer to home – top-notch amenities include a 24-hour attended lobby, fitness center and landscaped courtyard. One- and twobedroom units are priced from $386K. be@schermerhorn is move-in ready and selling quickly! For more information, visit or call 718.246.0189.

urbAn SAnctuArY

From Brooklyn to Brisbane , the world is full of potential. You simply need a financial provider that knows how to find it. With HSBC Premier, you have access to a Premier Relationship Manager who will help you take advantage of every opportunity. To learn more, visit, stop by the Greenpoint branch at 896 Manhattan Ave. or call 718.383.0239 today to speak with a Premier Relationship Manager. Deposit products offered in the U.S. by HSBC Bank USA , N.A. Member FDIC. ©2010 HSBC Bank USA , N.A.

Urban Sanctuary specializes in rentals and sales of coops, condos, and townhouses, as well as marketing of new developments in New York City . One of the most diverse and successful boutique real estate firms in NYC, Urban Sanctuary has a proven track record of success and stellar references from buyers, sellers, and renters alike. The company has two offices in Manhattan and over 50 welltrained, professional agents. For more information, visit 212 422-1780

2011 NEIGHboRHooD
Harlem • UwS • UES • brooklyn • Downtown • Hamptons
For more information on these upcoming magazines, please contact:

February 9th: Harlem/H Fine Arts Show Reservations: January 2 materials: January 26th

robyn weiss, Associate publisher, observer neighborhood guides Phone: 212-407-9382 Email:

march 2nd: Upper west Reservations: February materials: February 22n

dhArmA YogA brooklYn
Dharma Yoga Brooklyn is a donation-based center for Classical Yoga in Park Slope, Brooklyn . We offer classes for beginner to advanced students rooted in the ancient tradition of being happy! Weekly classes include Postures, Relaxation, Meditation, Breathing, Chanting, Workshops and more. Yoga and the teachings of liberation are priceless. In this spirit, all of the classes at Dharma Yoga Brooklyn are offered solely by donation. It is left to each student to decide what to give in exchange for class. This not only keeps classes affordable, but also makes the practice available to anyone. Dharma Yoga Brooklyn | 82 Sixth Ave at St. Marks Ave , 2nd Floor | Park Slope, Brooklyn 11217 | Phone: 718.395.7632 |

one hAnSon plAce
One Hanson Place, formerly the Williamsburg Savings Bank, is a true Brooklyn icon. This landmark building, with its famous four-sided clock, has been reborn into 179 classic residences, most with views of the Harbor, and the Brooklyn and Manhattan skyline. Located at the center of four vibrant neighborhoods, One Hanson is steps away from BAM, Prospect Park, The Brooklyn Museum and The Brooklyn Botanic Gardens. With 93% sold and just a dozen of the finest homes remaining, this is your last opportunity to live in a Brooklyn landmark. (718)233-6600

Oro is now over 65% Sold. Downtown Brooklyn’s Oro condominium, the 303unit luxury residence at 306 Gold Street, is fast becoming the centerpiece of the neighborhood’s burgeoning residential district as sales continue to soar and more than half the building is occupied. The 40-story condominium includes a mix of studio, one-, two- and three-bedroom homes which feature high ceilings with floor-to-ceiling windows, amenities such as 24-hour doorman, state-of-the-art fitness center with a basketball/ racquetball court, a resident lounge with screening room and wet bar, and indoor lap pool. For more information, visit

g Downtown Livin




The Insider’s Rea

l Estate and Neig

hborhood Guid

e • Fall 2010

New Residences in Condominium Greenest Manhattan’s d Neighborhoo

OR PARK 1 RECTConverted ly


Meet the woman behind the


Hottest Downtown Celeb Homes

April 6th: Upper East Side Reservations: march 21st materials: march 29th April 20th: brooklyn Reservations: April 4th materials: April 12th may 4th: Downtown Reservations: April 18th materials: April 26th June 22nd: Hamptons (Issue 1) Reservations: June 6th materials: June 14th July 27th: Hamptons (Issue 2) Reservations: July 11th materials: July 19th September 21st: Downtown Reservations: September 5th materials: September 13th

Tribeca Film Festival
10-2010 (EDIT ).indd 1

ta The Latest Da on Sales and tal Prices by Ren

4 PM 10/14/10 3:39:5



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october 12th: Upper East Side Reservations: September 26th materials: october 4th october 19th: brooklyn Reservations: october 3rd materials: october 11th November 16th: Upper west Side Reservations: october 31st materials: November 8th

t Side y 14th nd


Words from the Wise
Michael Phillips is the Managing Director/Creative Director for Jamestown Properties, a real estate investment and management company that own over 25 million square feet in properties. His latest property, be@schermerhorn, is a full-service condo building in Downtown Brooklyn that offers rooms with a view of a fast growing neighborhood. Surrounded by dining hotspots, laid back bars, and upscale shops, the neighborhood is a rich sampling of the best of the borough. By blending together Brooklyn’s history and modern luxury, Phillips works to guide the residential development of Downtown Brooklyn into a chic hotspot for the future. by erica bauman

hat drew you to Brooklyn in the first place? We were drawn to BK because of a strong bid, widespread community support, and a strong developing partner. Have you experienced any changes in the real estate market from when you first started the project to the present? Yes definitely. There was a clear economic shift. In your opinion, what makes a property sell? Simply put, a property sells


when it resonates with the buyer and when they can see themselves living there. The property must make them feel at home. be@schermerhorn is located in Downtown Brooklyn. Did the location affect the building’s design/ conceptualization at all? Absolutely, the building was designed to be a low rise on Schermerhorn and a high rise on Livingston w/ a common courtyard in the middle. How would you describe the homeowners who currently

live in the building? They are the perfect mix that a sponsor would like to see from young families to multigenerational buyers, and first time home buyers to dual income no kids. What’s the most important thing a potential buyer should keep in mind when looking for an apartment? Stability of sponsor, a well funded HOA, strong property management and serviceable amenities. What’s your opinion on the residential market as it is right

now? Has it recovered? I think recovery is relative. A good product sells in all markets. What makes be@ schermerhorn different? Be@Schermerhorn is adjacent to three great neighborhoods where you get the best of brownstone Brooklyn with the height and views of a full service building. It’s vertical living in a low rise environment and the finishes are fresh, transitional and inviting without being to aggressively specific.

My favorite Brooklyn
Favorite place to go: The Pratt Institute to see my nephew and the projects he’s working on. Favorite restaurant: In Brooklyn, Vinegar Hill Favorite place to shop: Brooklyn Flea _paulS_

Favorite weekend activity: Sunday driving and watching boat traffic from the new park at the Brooklyn Bridge.


An exhibition of children’s book illustrations by Brooklyn artists Through January 23, 2011
Central Library · 10 Grand Army Plaza · Brooklyn, NY, 11238 · 718.230.2100

Scan this code with your smartphone to see behind-the-scenes videos of the artists featured in this exhibition.

Illustration © Sophie Blackall, Big Red Lollipop Drawn in Brooklyn public programs are supported in part by the Fund for the Humanities and the Hearst Foundation, Inc.

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