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December 2, 2015

6,000+ New Apartments set for Brooklyn in 2016

Around almost every corner in Brooklyn, a new development is rising to bring more apartments to the city’s most populous borough. So it should come as no surprise that Brooklyn is leading not only New York City, but the rest of the country in the construction of new apartments.

According to Forbes, Brooklyn is expected to gain 6,073 apartments in 2016, which is a nearly unfathomable gain on the 979 apartments that hit the market in the borough this year. And 2017 is already off to a running start, too: 2,001 new apartments are already anticipated. Here’s another mind-boggling number to top all of that off: as of October, the borough’s average rent, minus concessions, was a whopping $3,823.00.

All these new apartments are needed, since existing apartments were 97.4% occupied in October and the demand keeps growing. October’s average effective rent in Brooklyn was 4.8% higher than the October 2014 average. Rental revenue impact was 5.4% more than the year before.

Brooklyn’s apartment surge is just the largest part of a New York-area apartment boom in which 24,575 new units have been identified to come to market next year. The metropolitan division, which includes Jersey City and White Plains in addition to the city, is expected to receive the most new apartments in 2016, surpassing Houston and Dallas, which have traded the top spot since 2013. The New York City area as a whole is expecting nearly 25,000 new apartments in 2016.

November 11, 2015

To Buy & Renovate..

The time has come and you are ready to buy a home. Could be your first home or it could be your third, but each time is still a challenge. Buying a home involves finding the perfect space and layout that best suits you. To find a move-in ready home that perfectly suits your needs and standards is very hard to come by and in the miracle that you do find this, you will sure pay for it!

This prompts many people to factor the option of buying and renovating into their decision-making when searching for homes on the market. Buying and renovating opens many doors and can fulfill so many wants and desires that buying a move-in ready cannot fulfill.

The buying and renovating option; however, does come with it’s list of commands. For one, you will need a well-experienced real estate broker to find those homes on the market that fall within your budget with taking a renovation into account. Along with a broker, you will need a designer. The designer will be able to see passed what exists and will be able to determine if the skeleton of the home has potential for what you are looking for in your new home.

Once you have purchased your new home, you will now begin your renovation process. Your next team will consist of your designer and an architect. Plans will be drawn up. Now, all your wants and custom ideas are on paper and you begin to have this wonderful vision on what your life will be like in your new home.

The last and final link on your buying and renovating chain is hiring a team who will not only meet your expectations but exceed them. This team is your General Contractor. Our team at Capital Craftsmen have performed renovations in some of the most high-end buildings in Manhattan and have also built custom homes from the ground up in the Hamptons and Montauk. We are the team that will turn your designer’s renderings and architect’s 2-dimensional drawings into your new reality.

Enjoy a first-hand look at the Before & After pictures below of one of our most prestigious renovations to date at 1105 Park Avenue.

October 2, 2015

TriBeCa Penthouse w/ 3 Terraces Wants $7.25M

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Some of the best terraces in New York City are located in and attached to TriBeCa penthouses. This triplex condo at 153 Chambers Street, includes 3 of some of the best terraces the city has to offer. The interior levels are connected by a sculptural staircase with an open kitchen/dining room that is sandwich between two of the three terraces featuring a sunken hot tub and hidden outdoor shower.

September 2, 2015

Discovery IQ Wall Oven with Wi-Fi Connectivity

State-of-the-art, luxury appliances have reached the next level.

DACOR is known for many industry first’s including the 30″ Self-Cleaning Pure Convection Wall Oven. DACOR’s 9th generation of 30″ built-in wall oven, Discovery IQ, connects the kitchen to the home via a new industry exclusive – the Discovery IQ Controller which features Wi-Fi connectivity. With the built-in Discovery IQ Controller home chefs can access the DACOR Discovery IQ Cooking Application and Guide while simultaneously downloading applications through the App Store, researching new recipes or viewing cooking video demonstrations wirelessly through a home Wi-Fi network and can be accessed remotely by tablet or smart phone. How does it work? What is it’s main purpose? – The IQ eliminates guesswork with preparing popular dishes and/or family recipes by way of a pre-programmed guide. With the touch of a finger, simply select the desired recipe from the display menu, insert the prepared dish, initiate the program and sit-back and relax as the oven takes care of the rest. Once the desired cook time has been reached for the given dish, the oven will then pleace the dish on warming mode to keep the food warm until ready to serve.

By combining oven technology with the insight of the IQ Controller and cooking application, DACOR is empowering the novice cook to perform at expert levels with the simple swipe of a finger. With control features such as Guided Cooking, Quick Start Guide, Recipa Box and Slow Cook Mode, home chefs are almost guaranteed to cook all their favorite dishes to perfection.

August 10, 2015

NBA player lists TriBeCa penthouse for $33.5M

Ex-Brooklyn Net star, Deron Williams, has relisted his palatial TriBeCa penthouse for $33.5 million. Williams picked up this penthouse in 2013 for $15.8 million but with his recent move to play in Dallas, he no longer needs to hold onto this estate. The apartment, located at 35 North Moore Street, consists of 7,200 square feet of interior space with six bedrooms, 4.5 bathrooms, multiple living areas, and two terraces totaling 3,000 square feet. Have a look inside —

The listing of this penthouse comes just at the right time as Capital Craftsmen has just begun a renovation today only steps away at 169 Hudson Street. We are excited to begin working on this project and look forward to sharing the final product with you, soon!