Number of filings for new condos in Brooklyn is highest since recession

July 23, 2018 By Raanan Geberer Brooklyn Daily Eagle

98 Front St. Image © 2018 Google Maps photo

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Plans for 547 new condo units were filed in Brooklyn in June, making the first half of this year exceed any full year since the 2008 recession.

According to The Real Deal, these numbers were largely driven by large-scale condo projects, including Hope Street Capital’s 165-unit warehouse conversion at 98 Front St. in DUMBO and CM Group and LIVWRK’s 163-unit partnership at 111 Montgomery St. in Crown Heights. The largest other development in the group was Guy Iber’s 32-unit development at 1325 Herkimer St. in Ocean Hill.

“In another post-recession first, the number of new 100-plus-unit condo filings in Brooklyn was tied with that of Manhattan for the second straight quarter,” The Real Deal said.