Bitty Brooklyn Bungalow Has Astronomical Price Tag

Jul 27, 15 Bitty Brooklyn Bungalow Has Astronomical Price Tag

Posted by in All, Real Estate

A tiny home in Windsor Terrace has an asking price designed to make prospective buyers take notice. The 900-square-foot, three-bedroom bungalow with a wild front and back yards was placed on the market for a cool $1.25 million. The little home is sandwiched between two much larger homes, giving the impression that it didn’t get the memo to grow up. The listing is a real lesson in realtor-speak: “Super sweet, lovely and charming,” are the opening words of an exquisitely creative listing for the 17-foot wide cottage at 658 Vanderbilt Street. Especially upbeat is the home’s description as a “…truly unique property that has always, over the years, commanded the attention of onlookers and admirers!” This is definitely a true statement, however misleading it may be. Keep in mind that in Brooklyn, as location begins to become the be-all and end-all of a property’s worth, the real value here most likely lies in the fact that according to the area’s zoning rules, the baby-bear house can be swept into the trash to make way for a three story papa-bear near-mansion, with all the latest amenities. According to realtor Barbara Puccia, “Someone can move right in or knock it down,” she said. “The neighborhood would be sad to see it go, but I have to market it in its full diversity. People are paying the same amount for a condo. Here you get a house with a back yard.” The house was built during the end of the 19th century, and rumors say that it was once located inside Prospect Park. Owner Heather Baley paid a mere $150,000 for the house in 1989. We are excited to see how the deal...

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Grado Headphones Now Grow in Brooklyn

Jul 19, 15 Grado Headphones Now Grow in Brooklyn

Posted by in All, Business

Grado Labs has been making wooden headphones whose quality has been satisfying such discerning customers as Mike Krieger, founder of Instagram, musician Neil Young, and film director Spike Jonze. The appeal is based on two major factors; their sound and their “made-in-Brooklyn pedigree. Now Grado has decided to take the concept to the next level: instead of using imported mahogany to craft the headphones, the wood will come from a maple tree from the local reclaimed Sunset Park. “We’ve been making wooden headphones for 20 years, and … ‘Oh, a tree grows in Brooklyn,’ people would kid us about it,” said owner Jonathan Grado, referring to the beloved 1943 novel by Betty Smith about a young girl from a poor Irish family growing up in Brooklyn near the turn of the century. “But it just seemed to be the right time, and everything fell into place for us to do this,” Grado,...

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Ads and Commercial Arm Added to Nancy Glass Productions

Jun 15, 15 Ads and Commercial Arm Added to Nancy Glass Productions

Posted by in All, Business

Nancy Glass Productions, a Philadelphia-based full service production company, recently expanded their already comprehensive list of services by adding a new division to their repertoire. Headed by Ben Fetterman, the director of business development at Nancy Glass, the Advertising & Commercial Division will meet what has been a growing demand for traditional for-broadcast commercial work. The new division will also offer support for the production of promotional videos and integrated marketing content, which will include, short form digital videos and content for social media. Also specializing in the production of cutting-edge original content for the major cable company networks, Nancy Glass Productions has been recognized as a leader in its field. Glass has received six Emmy awards for her work as a television host, producer and writer. Fetterman, with a background in business, has consistently brought his managerial and financial perspective to the world of film and television production.  He joined NGP in February 2013 where he worked as an assistant production manager until February 2014 when he became the director of business development. “Our team is looking…to identify the best solutions to take a concept from script to screen, no matter how large or small the display,” Fetterman said. “Featuring a full-service production studio with state-of-the-art equipment and cutting-edge technology, as well as an experienced creative team, we collaborate with our partners to bring their creative ideas to...

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Celebrity Chef Buys Fort Greene Townhouse for $2.4 Million

Jun 03, 15 Celebrity Chef Buys Fort Greene Townhouse for $2.4 Million

Posted by in All, Real Estate

Tom Colicchio, “Top Chef” judge and owner of Craft Restaurants and high-end Chelsea eatery Colicchio & Sons, just purchased a townhouse in the Brooklyn up-and-coming neighborhood of Fort Greene. Property records show that Colicchio bought the three-floor building at 366 Adelphi Street, which is divided into 7 separate dwellings, from Derek Cox, who himself purchased it in 1982. Colicchio’s intentions for the property are not immediately known. The eminent chef now lives in a duplex in the Meatpacking District with his wife Lori...

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Brooklyn Betting on China as a New and Huge Trade Partner

May 03, 15 Brooklyn Betting on China as a New and Huge Trade Partner

Posted by in All, Business

Chinese investors are the force behind Pacific Park, the uber-development which Brooklynites from way back refer to as the Atlantic Yards. In December the country’s largest state-owned property developers broke ground there on a mixed-income housing project. Brooklyn businessmen would not only like to see more Chinese money invested in their fair borough, but would like to get some of Brooklyn’s businesses available to Chinese consumers. To accomplish that dream a group of businessmen and their representatives from Brooklyn will be heading out to a trade mission to the world’s largest economy. The mission is sponsored by the British bank HSBC, and hopes to make connections with Chinese investors and business leaders who are enamored of New York’s hottest borough. The trip is hosted by the Brooklyn Chamber of Commerce and will happen from May 15-24. They will be making stops in Beijing, Chengdu and Shanghai. “China is a fascinating market for Brooklyn,” said Carlo Scissura, president of the chamber. “It’s very new in the sense that Brooklyn products and companies are just starting to look at China as the next frontier.” A representative of HSBC stated that the trip was inspired by the enormous growth the Chinese economy has enjoyed in recent years. “Our sponsorship … underscores our commitment to helping connect our clients with international business opportunities, including fast-growing markets such as China, where GDP is expected to [grow by] 7.3% in 2015,” said Mark Luppi, executive vice president and head of business banking at HSBC USA. “Whether they are accessing new markets, or aspiring to do so, we can support business’ international trade activity.” The chamber is looking forward to additional trips to other continents. Mr. Scissura added that this is only the first of many missions for Brooklyn trade people. “Japan, South America,” he said. “We hope to visit more emerging economies very...

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Jeb Bush Garnering Financial Advice in New York and Beyond

While many of us New Yorkers may not, yet, have our eyes on the next political election – Former Florida Governor Jeb Bush definitely does. Bush is moving quickly to garner financial support in the wealthy areas of New York, New Jersey and Connecticut. Interestingly, he is making direct personal appeals to many of the Wall Street supporters of 2012 nominee Mitt Romney, who recently said he does not plan to run in 2016. A few recent fundraisers offer cases in point. Bush recently had a $100,000 per ticket Park Avenue event hosted by private equity mogul Henry Kravis and his wife. The money will go towards Bush’s “Right to Rise” super PAC, and the admission price surprised even Wall Street veterans who are used to high ticket fundraisers. As part of his schedule that week he also had lunch with former Secretary of State Henry Kissinger. These events followed on the heels of a super PAC fundraiser that he had in Tallahassee, Florida with several hundred of the state’s top donors and fundraisers. This event was open to reporters, signaling part of Bush’s effort to have a transparent campaign for president. Similarly, Bush has a number of events scheduled that involve Goldman Sachs executives. His first Goldman event will take place at the Ritz Carlton and is organized by Dina Powell. The $5000 per head event will include some of the younger Goldman executives. Later in the evening James Donovan, Goldman Sachs executive, will be organizing a $50,000 per head event. As a key  advisor for Mitt Romney, Jim Donovan, Goldman Sachs, now appears to be playing the same role for Bush. The event will also feature John Thain, a former Goldman president who was CEO of the New York Stock Exchange. Other event organizers, along with James Donovan, include Scott Kapnick, chief executive of Highbridge Capital, and Ed Forst, president and CEO of Cushman & Wakefield. If these events are indicative of Bush’s plans, New York should get ready for a great...

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