Archive for the tag 'fillmore real estate'

Real Estate transactions are increasing in Sheepshead Bay although values are still slightly depressed nine months after Superstorm Sandy wrecked the neighborhood, reports the Wall Street Journal.

The Wall Street Journal report details the destruction visited upon Sheepshead Bay after Sandy and highlights the glimmers of hope finally emerging in the aftermath:

The area was walloped by Superstorm Sandy, with many businesses—particularly those along Emmons—badly flooded. Small, low-lying former bungalows close to the water were especially vulnerable to flooding.

“Those blocks were swamped, the smaller houses were up to the roofs,” says Howard Witz of Fillmore Real Estate. “It was horrible.”

Nine months later, some standby restaurants have reopened and the party and fishing boats are sailing again. But although many residents and business owners are optimistic about the hurricane recovery, hardships remain.

“People need hope, but for a lot of people that light at the end of the tunnel is still quite far off,” says Laura McKenna, acting executive director of the Bay Improvement Group, a neighborhood advocacy organization. “Behind the doors of homes, there’s still a lot of work to be done, and the businesses, while they may be rebuilt, you may walk in and say it looks fine, in fact economically they’re still struggling and suffering.”

As the recovery continues, real-estate transactions have begun to pick up, Mr. Witz says, with 38 one- and two-family houses currently in contract, compared with the 37 houses that sold in the entire previous 12 months. “Buyers are very cautiously returning,” he says.

… Prices in Sheepshead Bay range from the $100,000s for one- or two-bedroom co-ops far from the subway to around $1 million for large detached two-family houses. The median listing price in the neighborhood in June was $459,000, says, a 6% drop from the same month in 2012.

Sheepshead Bites editor Ned Berke was featured in the piece and now you can read what he says about our neighborhood when he thinks we aren’t paying attention:

“You have the quiet of a suburban area, but it’s still got life, it’s still bustling, there’s a lot of mass transit here that connects people to the city,” says Ned Berke, a native of the area and editor and publisher of the local news site, “It’s as alive as the rest of the city and at the same time, very quiet and a good place to get a reprieve from the madness and the rat race.”

As a newly minted resident of the area, I would add that nothing beats strolling to the shores of Manhattan Beach or Coney Island on warm summer nights after work and on weekend mornings. That is a luxury that not many city residents, who often desperately cluster as close to Manhattan as possible, get to appreciate. What do you like best about living in Sheepshead Bay?

The following is from our friends at the Bay Improvement Group:

Fillmore Cares volunteers canvass the bungalow colonies on Emmons Avenue.

Sure, Occupy Sandy has now discovered Sheepshead Bay, and is making the rounds in the bungalow colonies and co-ops along Emmons Avenue while residents still wait to see FEMA or Red Cross in the neighborhood. But before they were there, Fillmore Cares, a volunteer group organized by Fillmore Real Estate, mobilized to give residents some much-needed help.

Brooklyn’s largest real estate company, headquartered here in Sheepshead Bay at 2990 Avenue U, turned on a dime in the hours after Hurricane Sandy devastated the community. They went from corporate headquarters to volunteer central, raising money, recruiting help and rapidly deploying a website to help coordinate efforts.

Initially, the organization focused on the hardest hit areas, like Breezy Point, Seagate and Staten Island. But with deep roots in Sheepshead Bay, they wanted to ensure that at least some of their resources went to neighbors.

After hitting a wall when they tried to find out what areas of Sheepshead Bay needed help, they turned to Sheepshead Bites. We had been trying to find a group to canvass Emmons Avenue, making visits to neighbors and delivering goods. When Fillmore called, we sent them that way.

Here’s what one of the group’s organizers (and Fillmore’s director of Business Development and Technology) Zane Burnett had to say after their first day of canvassing Emmons Avenue last week:

I was shocked by the amount of people who hadn’t been reach out to. One woman, who is immobile, told us that she hadn’t had a hot meal since the storm. We were the first person who actually knocked on her door to check on her.

Another woman told us that her neighbors, an elderly couple, slept without heat in the same room every night huddled up next to one another, waiting for someone to come and turn their heat back on. 3 nights ago, the elderly gentleman died of a heart attack.

The stories go on and on, and the good news is that we were able to write down the needs of 16 families who were still in their home and said they needed aid. Half of them were elderly. All of them said that no one had come by asking if they needed anything.

… Really man, I’ve been going crazy in Breezy and Coney Island for the last week and I had no idea ShBay has received such little attention. A couple of houses in the Courts have burned down due to electrical problems. Thank you for letting me know about it… we hope to get to everyone else tomorrow.

The group is still operating in the area, and now that other organizations, like Occupy Sandy and COJECO have started to become active in the area, Fillmore Cares is collaborating to prevent duplicating effort.

Fillmore Cares still needs volunteers above all else, so sign up at their website. They’re also accepting donations, and, if you’re a victim, you can request aid there as well.

In the meantime, our sincerest thanks to Fillmore Real Estate, Fillmore Cares, Zane Burnett, Fillmore President John Reinhardt and all the volunteers who’ve been helping out.

Times are definitely tough, and many of you are probably considering a switch in careers. Well, if my extraordinary success (har har har!) hasn’t convinced you that blogging is the way to go, then real estate may be worth a look as the market picks back up.

To that end, Fillmore Real Estate is hosting a free career seminar tonight. The event covers the pros and cons of a real estate career and will help you make an informed decision. They’ll also be discussing some practical steps to get going, including how to choose a company to join and getting licensed.

And, for those of you really struggling, there will be free wine and cheese. Reservations are necessary, so check out the details of the event after the jump.

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From Daily Eagle:

With less than two months left to take advantage of the federal tax credit, potential Brooklyn homebuyers may want to attend the Tax Credit Seminar sponsored by Fillmore Real Estate on Wednesday, March 24, at its office in Sheepshead Bay.

The event, designed to educate and inform potential homebuyers on how the tax credit may impact their housing decisions, will feature corporate trainer Les Newlands, who will also conduct a Q&A session.

The federal tax credit gives qualified first-time buyers up to 10 percent of the purchase price, or up to $8,000, in credits, and qualified long-time homeowners looking to “step-up” to a more expensive home up to a $6,500 credit if under contract by April 30 and closed by June 30 of this year, according to John Reinhardt, president and CEO.

“This is the most advantageous time to buy a home in many years, thanks to attractive pricing, a great selection of homes to choose from,and very low interest rates,” he said. “The federal tax credit appeals to people who may not have been able to afford to purchase a condominium or co-op, but thanks to this extra boost, now can.”

The seminar, which is open to the public, will be held from 7 to 9 p.m.

Fillmore’s corporate headquarters is at 2990 Avenue U, near Nostrand Avenue.

To pre-register, please call (718) 907-1103.

No, its not a dorm. These condo units at Avenue V and West 11th Street just hit the market. Asking prices range from $429k. Theyre a block away from Marlboro projects.

No, it's not a dorm. These condo units at Avenue V and West 11th Street just hit the market. Asking prices range from $429k. They're a block away from the Marlboro projects.

Listen, Brooklyn developers, can I get a word with you over here? Ok, good. Now, let’s keep it real. Sometimes – sometimes - you’re a friggin’ idiot. What? No! Don’t get offended, but it’s true. Like, you know, lacking common sense. I mean, you bought an entire block some years ago on Avenue V and West 11th Street with the intention of building some high-end condos. I know, I know – everyone was doing it. There’s money to be made, I get it. But, well, it’s just that not everyone does it a block down from the projects, know what I mean? What? I don’t care how good the market was back then, that’s just dumb. Those projects ain’t goin’ anywhere. It’s the Marlboro projects – been there since ’58 and has almost 4,000 people living there. They not movin’. You really thought people would want to shell out $429,000 and up for your parquet floors, elegant kitchens, and ambient gunshots in the background? Get real, man. Yeah, at least you put indoor parking. But holy fuck, man, really?

Al Pacino in Sheepshead Bay

Sheepshead Bay was seeing stars once again this past Tuesday when Al Pacino and John Goodman returned to film a few more shots for their film You Don’t Know Jack on Batchelder Street and Avenue U. I ran out to get a few photos, but didn’t get anything more than a shot of Tony Montana himself walking away from me.

However, our good friends at Fillmore Real Estate headquarters, where the scene was being filmed, sent us a few inside photos of the stars and gave us some backstory about what’s going on there. According to Fillmore broker Howard Witz, the office has been converted into a replica of the law offices and campaign headquarters of Geoffrey Feiger (played by Danny Huston), who represented Kevorkian. Fillmore Real Estate CEO/President John Reinhardt is also making a quick cameo in the film, as an attorney going about his work.

Reinhardt was invited to lunch with the director and stars, a tale recounted on Fillmore’s blog:

On having lunch with the film’s director,  Barry Levinson (Rainman, The Natural, Sleepers, Wag The Dog…) and crew, John said: “As lunchtime was approaching, Barry and the crew were asking me for suggestions on where to eat. I let them know of all the great places in the neighborhood: Brennan and Carr, Randazzo’s, and the new pizzeria across the street, Del Corso. ”

Ultimately, he was invited to eat lunch with them. “At first, I was sitting at the table and they all seemed to be a bit stand-offish,” said John Reinhardt. “I’m assuming it was because I was the only person at the table who wasn’t in show business. After about five minutes, though, somebody mentioned the real estate market. Before I knew it, everyone was asking me for tips on home-buying. It was great!”

Witz says that filming will wrap up tomorrow, and we’ve also heard that there are signs around Michael’s Restaurant on Nostrand Avenue and Avenue P indicating a shoot there tomorrow.

Below is a collection of photos from Witz and a few of the outside by me. Don’t forget to check out Fillmore’s blog, which has a ton more photos.