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Sitting Tight and Pretty

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The "cautious optimism" of property owners near the new Barclays Center in Brooklyn means that the market doesn't know how high it should set rents and prices. Landlords are only renewing leases on a year-to-year and and even month-to-month basis in anticipation of the gold rush. Triangle Sports on Flatbush Avenue closed after 96 years in business, but hasn't set a price on its for-sale lot across from the arena yet. "We prefer to let the market come to us.” [NYT]

182 Flatbush Avenue

182 Flatbush Avenue, Brooklyn, NY 11217

Barclays Center

Atlantic Avenue at Flatbush Avenue, Brooklyn, NY