Skip to main content

Emily Blunt And John Krasinski Among Celebs Moving To Brooklyn Heights


The Standish, a former hotel that has been redeveloped into condos, is the new home for actors Matt Damon, Emily Blunt and John Krasinski.StreetEasy

Real estate in the historic New York City neighborhood of Brooklyn Heights is so hot you could warm up from the bitter cold weather just by reading about it.

Among the celebrities to take notice of the charming riverfront enclave are Emily Blunt and John Krasinski, who earlier this month bought two apartments for $11 million in The Standish, a redeveloped, 12-story Beaux Arts hotel originally built in 1903. The star couple reportedly plan to combine two eighth-floor condos into one massive home fit for Hollywood royalty.

Their interest in The Standish was perhaps sparked by fellow actor Matt Damon, who last year closed on a penthouse in the building for a whopping $16.7 million. This was the highest residential price tag ever recorded in Brooklyn, unless you count a $20 million deal in October for two apartments, slated to be combined into one home, in the new 30-story Quay Tower, also in Brooklyn Heights.

Blunt and Krasinski reportedly plan to combine the two condos into one massive home.Getty

This is all just some of the news coming out of the area, which has become one of the most expensive places to live in New York City thanks to its charming cobblestone streets, riverfront promenade and block after block of landmarked architecture. The median sales price in Brooklyn Heights was $955,000 in the fourth quarter of 2018, compared to $770,000 in the borough overall, according to StreetEasy. The median income is about $106,000.

Meanwhile, the number of available apartments was up 21% in Brooklyn Heights in the final quarter of last year, the listings site found. The inventory spike is partially due to these new developments coming to the market, along with others such as One Clinton, a 36-story luxury condo that launched sales this week and is slated to open in 2020.

The Standish, a classic Beaux Arts-style building, was originally constructed in 1903.StreetEasy

Originally established in the 1830s and once home to a large Jehovah's Witness population, who housed their world headquarters there, the area is often compared to the likes of Park Slope and Carroll Gardens. It boasts rows of beautiful brownstones and is home to the mom-and-pop-style shops that have become scarce in Manhattan.

“There are a lot of people that feel Manhattan has lost some of the soul that existed for so long,” explained Andrew Anderson, the Douglas Elliman broker who handled the massive Quay Tower sale last fall. “There are a lot of people that crave that, and now those people are more open to Brooklyn than they were in the past.”

He added that celebrities are attracted to Brooklyn, particularly its coveted Heights, because the borough offers more privacy than Manhattan, which is packed with tourists even in the coldest of winters. However, unlike other outer boroughs like Queens and the Bronx, Brooklyn has an array of luxury new developments to choose from in numerous neighborhoods.

“Far and wide, it is a more laid back place,” Anderson said of the borough. “Celebrities can walk into a local coffee shop and not be bothered. People let them live.”


Emily Blunt And John Krasinski Among Celebs Moving To Brooklyn Heights curated from Forbes - Real Estate

Comments

Post a Comment

Popular posts from this blog

Vacation rental company Vacasa buys Sterling Resorts

Vacation rental management tech startup  Vacasa  isn’t slowing down its ambitions to conquer the market: this week, it announced that it has purchased Sterling Resorts, a vacation management company on Florida’s Gulf Coast. Sterling has changed hands before: it was  bought by Pacifica Companies in 2015 and currently manages 450 homes. Now it will become a part of Vacasa’s effort to expand its presence in vacation destinations such as northern Florida, where Sterling is based. At the time of this latest purchase, Sterling’s home inventory was  down from 585 properties in 2015. Vacasa has raised more than $200 million since its launch ten years ago. Founder Eric Breon said he was motivated to start the company after struggling to find a satisfactory management solution for a cabin belonging to his wife’s family on the Washington coast. Now Vacasa seeks to provide rental property owners with “a seamless experience…through innovative technology and local staff,” that give them
Post a Comment
Read more

In An Era Of WeWork, Co-Working Space NeueHouse Sits Above The Fray

NeueHouse CEO Josh Wyatt Seuss Moments In today’s cluttered co-working landscape, it can be hard for companies to makes themselves heard over the din. Elevated co-working space  NeueHouse  wants to create an unparalleled experience for creatives through elevated programming and outstanding design. NeueHouse describes itself as “ a private cultural and collaborative space for prominent creatives, artists and entrepreneurs,” with current locations in Los Angeles and New York. In November, following an announcement of $30 million in funding , the company announced Josh Wyatt as its new CEO. Wyatt is a veteran of the hospitality industry, having co-founded Generator  in 2007, a chain of culture-focused hostels targeted at millennials, before moving on to Equinox to head the fitness brand’s hotel developments in New York City. Forbes interviewed Wyatt to talk about creativity, design, the gun threat incident at NeueHouse New York, and why he isn't phased by his "800 p
Post a Comment
Read more

Could Ken Griffin's Penthouse Purchase Cost NYC Real Estate Buyers Millions?

'The Billionaire's Bunker' at 220 Central Park South is pictured on January 24, 2019, in New York - Hedge fund billionaire Ken Griffin has completed the purchase of a four-story penthouse in the building for $238 millionm- the most ever paid for a home in the US. The building is a residential skyscraper that is currently under construction. (Photo credit: TIMOTHY A. CLARY/AFP/Getty Images) Getty A 2014 bill that aims to impose an additional tax on part-time New York residents—dubbed the “pied-a-terre tax”—has risen from the dead, largely in thanks to the recent record-breaking Central Park penthouse purchase by billionaire Ken Griffin. Griffin, worth an estimated $11.7 billion and No. 45 on the Forbes 400 , reportedly bought the $238 million-dollar apartment “as a place to stay when he’s in town,” according to his representatives. The purchase drew widespread attention to the financial losses that part-time and foreign property owners can cause the city. Bec
Post a Comment
Read more