The New Coney Island - Brooklyn's Times Square by the Sea

Friday, March 24, 2017

Abro Management buys two Brighton Beach rentals from Hudson Companies for $47M

Real Deal excerpt -

Richard Scharf’s Abro Management nabbed two adjacent Brighton Beach rental buildings from the Hudson Companies for $46.9 million, sources told The Real Deal.

Abro, a Long Island-based investment firm, is now the third owner of the luxury rental buildings in just the four years since they’ve been built. GFI Capital Resources Group developed them in 2013, then sold them to David Kramer’s  Hudson Companies for $39.5 million in 2014.

The property at 1125 Banner Avenue rises 11 stories, and the other at 2750 East 12th Street has seven. Together, they have 102 apartments and span 115,000 square feet.

The South Brooklyn buildings’ market-rate rentals range in rent from $2,650 to $4,100 

Wednesday, March 22, 2017

DII signs 2 leases at Neptune Sixth!

Good News!

Commercial; Observer excerpt -

DII Stores has signed two leases at Cammeby’s Internationals 626 Sheepshead Bay Road development in Coney Island, according to the landlord.

In the larger of the two leases, the discount department store, which sells male and female apparel as well as home products, will occupy 11,600 square feet as the retail anchor of the seven-story office and retail building under construction near the intersection of West 8th Street.

The company currently operates a shop at nearby 530 Neptune Avenue between West 6th Street and Marsha Rapaport Way, a building that Cammeby’s owns and plans to demolish for a 42-story residential tower.

“DII is an important part of the Coney Island community, so we’re extremely happy that they will remain a permanent fixture by serving as the anchor tenant,” Jacob Cohen, executive vice president of development at Cammeby’s, said in a statement. “The company will also bring its corporate offices to the property, providing employees with a new, modern work environment.”

Up to $5,000 a month rent at Avalon Bay - Sheepshead Bay

Avalon Bay 

Apartment 14B  3 bedrooms, 3 baths (1419 sq ft) Available 10/1/2017 

Lease Terms

24 months at $5,215 /mo
13 months at $5,070 /mo

108 Neptune Avenue in Brighton Beach

108 Neptune Avenue Brighton Beach Exterior


Relaxed living and elegance collide at 108 Neptune, a collection of near-waterfront luxury residences designed by acclaimed architect Karl Fischer. Located in Brighton Beach less than one mile from the iconic Coney Island Boardwalk, this condominium offers thoughtfully designed units at exceptional value.

Video - Cosmos Media Day

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