New Rendering For Pacific Park’s Full Build-Out Depicts Neighborhood’s Tallest Skyscraper

Brooklyn is getting taller everyday as reported by NIKOLAI FEDAK at New York Yimby.

Yesterday, major news was announced regarding Mary Anne Gilmartin’s departure from Forest City Ratner, as she joined forces with Robert Lapidus and David Levinson to form L&L MAG, a new venture that will draw on the talents of all three executives and a host of other talent. The firm also launched its new website, which features a fresh rendering of the full build-out of the Pacific Park mega-project, surrounding Barclay’s Center in Downtown Brooklyn, which has undergone substantive changes to its final appearance, including the addition of what could become one of the neighborhood’s tallest towers.

Pacific Park Aerial, image by VUW Studio

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Who doesn’t want to live next to James Bond?

Daniel Craig Has Reportedly Purchased a Brooklyn Brownstone for $6.75 Million

The property previously belonged to novelist Martin Amis and his wife, Isabel Fonseca

The below article was reported by Architectural Digest.

James Bond may live in a sleek London flat, but the man who plays him apparently prefers a Brooklyn brownstone.

According to Page Six, Daniel Craig is reportedly the new owner of a Cobble Hill residence that previously belonged to novelist Martin Amis and his wife, Isabel Fonseca. Although neither Craig nor his wife, Rachel Weisz, have confirmed the purchase, Page Sixis reporting that the couple purchased the 1901 home for $6.75 million.

At five stories and 6,600 square feet, the property is one of Cobble Hill’s largest homes, according to the listing from Corcoran. The historic residence has six bedrooms and five and a half bathrooms, featuring high ceilings as well as an elevator, a garden, a patio, and a roof deck. But despite the home’s luxurious trappings, the celebrity couple will have to subject it to a significant amount of refurbishing. In 2016, a chimney set the ceiling’s wood beams on fire, sparking a blaze that required the response of 60 firefighters and EMS workers, prompting Amis and Fonseca’s family to relocate to a downtown Brooklyn high-rise. Consequently, the building now has a “brand new roof and extensive repair,” per the listing, requiring a contractor to do finishing work. The listing described it as a “clean, blank slate.”

Previously, Weisz and Craig were reported to have lived in an $11.5 million penthouse in Soho.

Rich homeowners in blue states are among the biggest losers in the GOP tax plan

Republicans’ tax bill is set to disproportionately affect homeowners in affluent parts of the US.

Wealthier households are more likely to take advantage of key tax breaks that could be downsized, including the mortgage interest deduction and the state and local tax, or SALT, deduction.

Though this could weaken buying activity and prices, the high end of the housing market is also the smallest by share.

Most states that would be most affected also happen to be blue states. They include New York, California, Connecticut, and Hawaii.

Read the full article at the Business Insider.

What Trump’s tax plan could mean for NYC renters

See what could happen next  under the Trump administration as reported by Crains.

BREAK FOR HOMES Deductions for mortgage interest and property taxes are at risk.
Photo: Buck Ennis

As part of a national tax overhaul Congress is planning to curtail the ability to deduct mortgage interest and state and local taxes from federal taxable income. e Senate proposal would eliminate so-called SALT deductions entirely but leave mortgage interest alone. The House version permits up to $10,000 in property-tax deductions but allows interest only on the first $500,000 of new mortgages to be deducted, down from $1 million today. The pain would be greatest in places like New York City, where homes are expensive and income taxes are high. Mayor Bill de Blasio has noted that 617,000 city homeowners save $2 billion by writing off state and local income and property taxes. more “What Trump’s tax plan could mean for NYC renters”

New! 137 Atlantic Ave.

3 Fantastic 3BR 2Bth available in the most central location in Brooklyn Heights.

This newly renovated large 3BR has a private huge roof deck. Ornate original details such as crown molding, exposed brick, and two original working fireplaces, give this apartment a wonderfully warm character. Large open plan kitchen and separate dining alcove lead into living room with wide plank hardwood floors and a large fireplace. Three bedrooms and two and full baths with high end finishes throughout make up the approx 1450 sq ft, Ceiling soar up to 14 ft. This apartment has everything you’ve been looking for, good closet space, a new washer dryer, central air Mitsubishi units and its own separate boiler and water heater too.
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