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What you can buy for $4 million or less in the Brooklyn new condo market right now

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As home prices cool in the Manhattan market, the Brooklyn market remains on fire with prices in some neighborhoods soaring to Manhattan highs.

On the one hand, migration of buyers fleeing Manhattan’s market have driven up demand in the borough. While on the other, builders descended on Brooklyn when rezoning when made prime waterfront property in Williamsburg available for residential development.

Williamsburg — and North Brooklyn, in general — remain hot markets, although prices have fallen due to the impending 18-month shutdown of the L-train. Up and coming neighborhoods like Greenpoint, Crown Heights and Bushwick are seeing an influx of new construction and simmering demand.

And while Brooklyn home prices are competitive in comparison to Manhattan, competition among buyers remains fierce as affordability erodes and some shoppers turn to nearby Queens for more affordable housing.

Here’s a brief round-up of what’s currently available in the greater Brooklyn new condo market with a budget of $5 million, or less.

1. Pierhouse at Brooklyn Bridge Park (Brooklyn Heights)

Pierhouse at Brooklyn Bridge Park was developed by Toll Brothers City Living and Starwood Capital. It is located at 90 Furman Street and houses a total of 106 units, with sizes ranging from 2,916 square feet to 4,885 square feet.







Situated on prime waterfront property, most units feature double-height ceilings in living rooms and homebuyers can choose from one-to-five-bedroom floor plans — many with outdoor patio space.







In the kitchen, buyers will find top-notch Gaggenau appliances and honed Calacatta Tucci marble countertops, as well as solid walnut cabinets for a sleek, modern look. The master bath features a deep standalone tub and walk-in glass shower for a true spa-like experience.

Amenities include: a pet washing station, a children’s playroom, rooftop bar, rooftop pool and a full fitness center.

Pricing for available units starts at $3.4 million.

2. Polhemus Residences (Cobble Hill)

The Polhemus was the first “skyscraper” hospital ever built. It has been redeveloped into the Polhemus Residences by Fortis Property Group. It houses 17 units, with sizes ranging from 2,235 square feet to 2,281 square feet.







Polhemus Residences was designed by BKSK Architects with interiors by ASH NYC. Units feature window heights that soar up to 11 feet and voluminous ceilings reaching up to 21 feet. In addition to private gardens and harbor views, residences include oak staircases with satin nickel trim, a suite of Gaggenau appliances and radiant-heated floors in the master bath.







Amenities include: on-site parking, concierge service, rooftop lounge with cabanas and a fitness duplex.

Pricing for available units starts at $3.5 million.

3. 43 Meserole Street (Williamsburg)

43 Meserole Street was built by The Pros Developments, and designed by City Building NY Architect. The boutique building houses a mix of eight beautifully modern and spacious residences in one- to two-bedroom floorplans, including three stunning duplex units. Some residences also include private outdoor space, such as an outdoor kitchen or terrace with more than enough space for table seating.







The residences at 43 Meserole have many exquisite design features that homebuyers are sure to love, including high ceilings, a washer and dryer in every unit, built-out closets for extra storage space, and vintage-style bathrooms with wet rooms and cast iron clawfoot tubs.







Pricing for available units starts at $759,000.

4. The Greenpoint (Greenpoint)

Located on the waterfront at 21 India Street, The Greenpoint houses a total of 95 units, ranging in size from 723 square feet to 1,443 square feet. It is being developed by Palin Enterprises, Mack Real Estate Group and Urban Development Partners.







The one- to three-bedroom residences offer spectacular views, open spaces and an abundance of natural light. The building is a short walk from The NYC Ferry, providing easy and fast commutes to Midtown and Downtown Manhattan.

Amenities include: on-site parking, a basketball court, sun deck and a yoga studio.

Pricing starts at $1.1 million.

5. 200 Water Street  (DUMBO)

200 Water Street was developed by Urban Realty Partners (NYC) and Megalith. It has 15 units in total, ranging in size from 1,867 square feet to 2,573 square feet. 200 Water is the last residential building to be developed on this landmarked cobblestoned street.







Residences have ceiling heights of 12-feet and seven-inch prime grade radiant heated Siberian white oak flooring.







The penthouse has floor-to-ceiling windows and a private rooftop deck.

Amenities include: a landscaped common garden and a fully attended lobby.

Pricing starts at $2.8 million.

6. 50 Greenpoint (Greenpoint)

Developed by Evenhar Development Corporation, 50 Greenpoint stands parallel to the East River on Greenpoint Avenue. It has a total of 44 units in one- to three-bedroom floorplans.







The residences come pre-wired for Verizon FiOS, have a washer and dryer in-unit, and feature high efficiency heating and cooling systems by Daikin.

Amenities include: a pet spa, on-site parking, a package room and a resident’s lounge.

Pricing starts at $699,000.

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New home? Prepare for the unexpected

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(NC) Buying a house, getting married or having your first baby are all major life events that are likely to affect your finances. But whether you’re in the midst of a major life event or not, it’s important to check in on your finances regularly to maintain good financial health.

Your financial health encompasses things like your spending, savings, borrowing and future financial plans. It also means dedicating a set amount of savings for unexpected future events. It can even include optional credit protection insurance, such as TD protection plans, to help cover your debt balances in case of death, a covered critical illness or total disability.

Even though it can be tough to think about the unexpected, life is unpredictable and it’s important to plan for the unexpected. Find more information at td.com.

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Mortgage pitfalls to avoid

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(NC) Throughout life, you may have moments where you’ll make a large purchase or invest in a costly item, like your family home. But whether you’re in the market for your first new property or already have a mortgage, leaving this asset unprotected can be costly.   

Insuring your housing financial debt, as well as debt for other big-ticket items like a new boat for your lakefront cottage or keepsake jewelry like an engagement ring, is a smart investment in your well-being.

To help protect your debt balances like a mortgage, your bank may have optional credit protection insurance products.

“Your home is one of your biggest assets, yet illness can happen at any stage of life. Worrying about your mortgage when the focus should be on health isn’t a situation anyone would wish for,” explains Shirley Malloy, vice president at TD. “Fortunately, we offer mortgage protection to provide coverage for your outstanding balance should you face a covered critical health event.”

Mortgage protection can be purchased whether you’re in the process of applying for a mortgage or already have a home financing solution. But what about protection options for credit card debt?

“Given the unprecedented circumstances of this year, many Canadians are trying to plan for the unexpected to protect themselves and their finances,” says Malloy. “TD balance protection plus is an optional product designed to help you deal with your credit card payment obligations in the event of a covered event, such as loss of employment.”

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Is your internet too slow? It’s probably not you

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(NC) We all know the aggravation of a school lesson that just won’t stop freezing or the family video call that looks more like a photo montage. And, as we adjust to the impact of COVID-19 on our day-to-day, that slow connection can have frustrating consequences.

Working from home and learning remotely, both need fast, stable internet, something not enough Canadians have yet. Even if you have fast devices in your home, if the infrastructure in your area is not optimal, your connection won’t be either.

Right now, cities have the infrastructure needed to ensure access. But rural and remote communities are hugely underserved, with fewer than half having high-speed internet, and fewer than a third of households on reservations have high-speed connections.

Fortunately, change is coming. The Universal Broadband Fund is backing projects across Canada right now to ensure the reliable, high-speed internet connections families need to work, study, access services online, and safely stay in touch with each other.

The fund existed before COVID, but as a response to the pandemic, its timetable has been moved up by four years to a target of 98 per cent of Canadians with high-speed internet access by 2026. With the faster pace, at least 90 per cent of us should be connected by the end of 2021.

The fund is focused on improvements in rural and remote communities across Canada to fix the disconnect between internet access for urban and rural households.  This means more remote work opportunities, better access to remote learning and safer access to healthcare, no matter where you live.

It’s not just for good connections at home, either. The improvements mean much better access to mobile networks on highways between remote communities. The result is better, safer navigation and access to emergency services for your family, even on the road in the middle of nowhere. Mobile projects will be focused on serving Indigenous communities and the roads leading to them.

The shape these improvements will take in your area will depend on where you live. Canada is huge, and its communities are hugely diverse, with diverse needs. Keep an eye out for local projects — they’re a small part of something much bigger.

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