Sales Beat

Mixed-Use Building and Home to Rocco’s Pizza in Bed-Stuy Sells for $3.3 M.

Caprese_Pizza_ 012

A two-story mixed-use building at 281 Tompkins Avenue that houses neighborhood pizza joint Rocco’s Pizza & Pasta and sits less than a block away from Brooklyn’s 79th precinct has been sold, city records show.

The 23,500-square-foot building in the Bedford-Stuyvesant neighborhood, adjacent to the New York City Housing Authority’s Louis Armstrong Houses, hosts a mix of residential, retail and garage space and changed hands for $3.3 million.

The buyer and seller, identified as Tomlex Realty and E&J Development, respectively, could not be reached for comment.  But the purchase presents significant upside and development potential in the rapidly changing neighborhood, as a majority of the square footage – 9,750 of it – is currently being used as garage space. Read More

Post-Tropical Storm Sandy

Legal Group Appeals to Judge for Extension of Eviction Moratorium

An eviction unfolds (Credit: Getty Images North America)

A consortium of legal groups is pleading with a city judge to extend the moratorium on post-Sandy evictions that was lifted yesterday.

The group of 19 organizations, led by MFY Legal Services, sent a letter to Deputy Chief Administrative Judge Fern Fisher yesterday asking that she extend the moratorium until Jan. 1.

“We were dismayed to learn that, less than a month after Hurricane Sandy hit, the moratorium on residential evictions is being lifted,” the letter states.  “With the city’s infrastructure still reeling, we respectfully request that you reconsider lifting the moratorium.” Read More