Gravesend Sales Price Falls Just Short of Brooklyn Record
Anyone who read the recent Times Magazine article about the incredibly close-knit and financially successful community of Syrian Jews in Gravesend may not be all that surprised to learn that one of its business leaders just sold his 7,526-square-foot house for $10 million. The seller was Joseph Cayre, founder of Midtown Equities and a former…
Anyone who read the recent Times Magazine article about the incredibly close-knit and financially successful community of Syrian Jews in Gravesend may not be all that surprised to learn that one of its business leaders just sold his 7,526-square-foot house for $10 million. The seller was Joseph Cayre, founder of Midtown Equities and a former Latin music producer; the buyer was an LLC. While the $10 million number falls short of the $10.75 million paid for 140 Columbia Heights, it continues a trend of sky-high prices in the South Brooklyn neighborhood: Five out of the nine highest sales prices ever recorded in Brooklyn have been in Gravesend.
Developer sells Brooklyn home for $10M [The Real Deal] GMAP P*Shark
Photo by Nicholas Strini for PropertyShark
Could this be because they are rich JEWS?
No- we say that about everyone. Are you new to the blog?
What struck me about the article in the Times Magazine was how racist this community is. If you were to replace SY’s/Sephardic/Syrian Jews with the word WASP and Gentiles (not to mention J-dubs) with the word African American, Al Sharpton, Jesse Jackson, and every other righteous person in America would have filled the streets of Gravesend with protest marches. Century 21 would be boycotted and shutdown. CNN would of filled every parking spot with a satellite feed truck.
The edict of 1935 is institutionalized hate speech, pure and simple. It also protects an economic interest, although it should be noted that there are huge disparities within that community. More “have-nots” than “haves” by far.
Furthermore, it’s shocking that so many of the agencies that service that community are staffed by “J-dubs” and surprisingly, a few gentiles. How do they live with that kind of bigotry? It’s against everything that the larger Jewish community and America stands for in terms of justice, faith, and fairness.
A house for 10 million? Sure, it’s called an economic fence. Try showing up there and trying to by that house if you are black/white/asian/hispanic/or a “J-dub”. Ain’t going to happen and that’s wrong.
the oddest park of this is that they’ll probably tear down the house! not only is it important to live near each other in this community, Syrian Jews desire to live next door to family. So if this guy lives in house next door, he may be buying this for son/daughter
Yeah no reason to celebrate the cultural diversity this group represents and their desire to maintain their culture….instead we should call their neighborhood a ghetto, their houses “crap”, “mcmansions” and their culture “insidious.”
Could this be because they are rich JEWS?
Erin, exactly! It is so lovely!
I don’t know why you would assume this house is crap. However, after reading the Times essay and seeing this price, it makes me a little sad. A group has purposefully built a ghetto for itself, both physically and socially. As the Times article made clear, the leaders of the group enforce group solidarity and endogamy through very severe exclusions of individuals who marry non-Jews (narrowly defined). Seems to me that the inflated cost of this house inside the ghetto is only the most obvious, and least insidious, results of this policy.
I think you’re talking about the single story home with the Arts and Crafts vibe on the corner of Ocean Pkwy and one of those Avenues mentioned: S, T or U. I’ve always adored that house. It’s got a large front lawn. Can’t miss it. Definitely worth a drive (or bike ride) down Ocean Avenue.
There are still some interesting homes dating from the 20s or 30s in these now largely Orthodox neighborhoods. Although most have been “McMansioned,” there are a handful that appear to have been restored. Tend to be homes that were always sprawling, on larger lots. Still some amazing slate roofs out there.
isnt this technically stanen island?
I always thought that the residents were 47th Street jewelers. Someone told that years ago. 10 million- I’m shocked! I guess I shouldn’t be at this point but I assume the construction is crap. I also heard that there is only one firm responsible for the matching McMansionsteins. I’ve seen them being built and it looks like the same old… Here we go again.
There is an old ranch on Ocean Parkway that is in the mix. It is a beautiful house.