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Monday
Mar072016

Real Estate Office Opens in Former Cog & Pearl Space on 5th Avenue

 

It's been nearly two years since a fire destroyed mom-and-pop jewelry shop Cog & Pearl, on the corner of Fifth Avenue and Sackett Street, and after a thorough renovation the space's next tenant, an office for real estate company Space Marketing Shop, has opened in its place.

Cog & Pearl was in business for 12 years before a devastating fire on May 1, 2014 completely destroyed it and more than $100,000 in handmade jewelry, furnishings, clothes, and gifts. Owners Kristin Overson and Seth Walter left corporate jobs to start the business, and are still planning their next act.

There's no shortage of real estate shops on Fifth, but in this hot climate more and more firms want in on the action. Manhattan-based SMS specializes in "high-end residential properties in Manhattan, Queens and Brooklyn," according to its website, and current Park Slope listings include 490 5th Avenue and 709 Carroll Street.

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Reader Comments (67)

Such a waste. Could have been an exciting venue to support local artists and artisans like the former tenant. Or literally anything compelling. But now proximity to Barclays has driven rents up so much that only bullshit stores can survive. Real estate offices and nail salons, hooray.

March 7, 2016 | Unregistered CommenterJBob's Grandpa

Really?

Cause since Barclays opened what I see is a ton of amazing stuff. It was absolutely horrible 8 years ago and now there is:

Spice 5 great new Vietnamese on the corner of Bergen and 5th
Artichoke Pizza one of the best slices in NYC
A brand new Chocolate Room better than before
A brand new City Subs
Couple new vintage stores
A brand new Momo Ramen (good!)

The list goes on and one.

So what, 1 new real estate office opened. Big deal, you'd think it was the end of the world. There are hardly any real estate offices on this stretch of 5th and actually with the larger firms buying up many of the smaller ones over the last 10 years, I'd say there are fewer real estate offices in Park Slope than there was in 2006.

Why don't you open a 10,000 a month store and sell artisan crafts, Jbob?

March 7, 2016 | Unregistered CommenterEd

Well said Ed

March 7, 2016 | Unregistered CommenterSloper

Ed or should I call you Broker Ed? I stopped reading your post as soon as you said that Artichoke has one of the best slices in NYC. That's laughable.

I noticed that you referenced 8 years ago in the beginning of your post - let's go back 4-5 years and see how many new real estate offices I can list.

Ideal Properties (7th and Berkley),
The corner of 7th and Union where the pharmacy used to be
7th Ave and 2nd street in the old Nash building across from 321
Donawald (5th and 1st street),
The one listed above,
The New sales office for 251 1st Street where Loki used to be
RES Brooklyn (5th and 1st)
The new office next to Culture (5th and 3rd)
A brand new RE office in the old Bubblez space (5th and 4th)

I'm sure that I could list more if I really went through but I'd say that we have more than enough. And what's with the $10,000 a month artisan crafts line? This neighborhood needs more than Real Estate offices, nail salons and below average Asian fusion spots.

March 7, 2016 | Unregistered CommenterStephen

Grandpa! I didnt now you knew how to post!

Im with Ed-That part of 5th ave is better than its ever been. Lots of nice additions which can only thrive if there are people to support them-and real estate development brings in new people.

March 8, 2016 | Unregistered Commenterjbob

Some of the real estate offices on your list had other offices or will be moving.

March 8, 2016 | Unregistered CommenterBalki

Half of those are on 7th Avenue, not on 5th Avenue.

5th Avenue near Barclays is so much better than it's ever been. Not even a conversation unless you just like to complain about everything. Jbob is known for that on many blogs, btw.

March 8, 2016 | Unregistered CommenterLisa

"This neighborhood needs more than Real Estate offices, nail salons and below average Asian fusion spots."

What exactly are you lacking?

Park Slope has every kind of food you could want, Ethiopian (Ghenet), Indonesian (Java), Indian (Namaste and others), Sushi, Burgers, Diners, Doughnuts, Coffee Shops, Food Co-ops, Great grocery stores, fantastic places like Convivium Osteria, Al Di La, Blue Ribbon and Stone Park, fish markets, bakeries, butchers (Fleishers is incredible).

I mean, really what do you want that we don't have?

Where you see a sea of real estate offices, I think the rest of us wonder why out of the 500 + businesses in Park Slope, you've zero'ed in on the dozen real estate offices and another dozen nail salons. If that's all you see, it's time to turn your life upside down a little bit and start focusing a little more on reality instead of the constant negativity inside your head.

March 8, 2016 | Unregistered CommenterIna

Wow! The brokers are out in force this week. No one, other than a real estate broker, would argue that having a real estate office on every block is a good thing for a neighborhood. There are plenty of other small businesses that I'd rather have than a real estate office or nail salon - look at the multiple clothing/shoe stores that have closed in the last 6 months along 5th Ave. from Union to 1st Street.

Ina - Might want to revisit some of those restaurants if you're going to call them great. Al Di La hasn't been great for years and Java/Namaste/Ghenet are all average at best.

March 8, 2016 | Unregistered CommenterStephen

This is New York City. The biggest business is real estate.

You are quite naive to think this all happens in some secret underground cave.

And I'm certainly no broker.

March 8, 2016 | Unregistered CommenterRick

Lisa-thanks for thinking of me xoxo

March 9, 2016 | Unregistered Commenterjbob

Glad this blog us alive again.

March 9, 2016 | Unregistered CommenterBen

You didn't answer the question Stephen.

What is Park Slope lacking that you want?

And since you love to complain so much, why not put your money where your mouth is and open it yourself?

March 9, 2016 | Unregistered CommenterKatie

No problem, Broker Katie.

I love that you all refuse to admit that no one wants a real estate office on every corner.

Some things that I would love in that space instead:
Beer store
Falafel
Used furniture store
a gift store similar to Cog & Pearl (they were great for a last minute gift)
a decent bagel store
A bakery

Anything other than another damn real estate office.

You have very little business sense and a complete lack of understanding of what it takes to own a small business.The reason why multiple storefronts in the neighborhood have been empty for months/years is because it doesn't make sense to try and run a small business with rent being $7000-$12000 a month. Why is this hard for you to understand?

I've put most of money into buying an apartment in Park Slope and raising my kids here. Did you have any other questions?

March 9, 2016 | Unregistered CommenterStephen

One little Beef O'Brady's and I feel like all the bickering in this neighborhood would cease overnight.

March 10, 2016 | Unregistered CommenterFelton

A bakery? There's Blue Sky Bakery 2 blocks from here going in one direction and Buttermilk Bakeshop 4 blocks in the other direction.

Bagels? Park Slope has the best bagels in NYC. It's called Bagel Hole. Or there's AREA bagels 3 blocks from here. Or again, Blue Sky.

The best gift shop in the neighborhood (and some say in Brooklyn) is Annie's Blue Ribbon. It's 2 blocks from here and far better than Cog and Pearl was.

Falafel? Go Kulushkat, they have the best falafel around. It's like a 5 minute walk from here.

Beer Store? Unnecessary, every grocery store in Park Slope has a fine beer selection especially the bodega on 5th and Berkeley across the street.

Used furniture. Up the block to 6th Avenue is Trailer Park.

Any questions?

Talk about bad business sense. You don't even seem to know your own neighborhood.

Either that, or you can't walk more than 5 blocks without needing it right next to your house.

March 10, 2016 | Unregistered CommenterRick

Tell him Rick!

March 10, 2016 | Unregistered CommenterBalki

Oooooooh Broker Rick with the slam. How's broker life treating you?

A few things. Not everyone lives above your new real estate office - some of us live on the other side of Union - so the 10 minute walk to that area of 5th becomes an 18 minute walk to Kulushkat.

Blue Sky closes at 2PM. Hardly convenient for those of us who actually have to work for our money.

AREA Bagels? Have you eaten there or are you just googling bagel shops in the neighborhood? They're not good.

Annie's is fine. The BEST in Brooklyn!?!? Drop the hyperbole.

Trailer Park is fine as well. They used to have a ton of great reasonably priced used furniture but they seem to be pushing their custom tables and custom wood furniture a lot these days. Also, anyone who lived here in 2012 stopped shopping at Trailer Park once they admitted that they were selling furniture painted with lead based paint.

Questioning the need for a beer store? Hahahahaha. You're right - Bierkraft was never busy. The neighborhood would love a non-bodega beer store.

Thanks for the response. Glad to see that you and your fellow brokers refuse to acknowledge that no one in this neighborhood wants to see another real estate office.

March 10, 2016 | Unregistered CommenterStephen

I have to chime in here to some of these really dumb (and entitled) comments by Stephen:

There's great used furniture on President right off 5th Avenue.

If Bierkraft was so busy, they wouldn't have closed.

And I also agree Annie's is one of the best gift stores in Brooklyn. Never bought anything at Cog & Pearl and I shop a ton at Annie's.

Trailer Park is wonderful.

If you live below Union, then you should know about Buttermilk Bakery. I see you neglected to comment on that because you knew Rick was right.

Suggesting that everyone who disagrees with you is a real estate broker is about on a 6 year old maturity level.

March 10, 2016 | Unregistered CommenterLisa

"Also, anyone who lived here in 2012 stopped shopping at Trailer Park once they admitted that they were selling furniture painted with lead based paint."


Are you seriously this ignorant? Trailer Park sells used and vintage furniture. As with any used and vintage furniture, there may be lead present. Trailer Park has a sign posted about this. Your comment really goes to show what a schmuck you are making a mountain out of a mole hill.

You're one of those Park Slope parents who would find an old desk on the street, take it in and find out it has lead and then track down the owner and sue them.

What an idiot. Used furniture can have lead, yes that's true! And the sky is blue!

Not to mention the fact that ever brownstone in Park Slope unless it's been recently renovated has some lead dust flying around.

Lord what a sissy you are.

March 10, 2016 | Unregistered CommenterLisa

I'm a stay at home dad of 3 kids. Never worked a day in real estate in my life.

You sound like an unhappy guy, Stephen.

Need a hug?

March 10, 2016 | Unregistered CommenterRick

Broker Lisa calling people a sissy! No reason to get so vulgar sweetie.
I've never sued anyone and I wouldn't bring a desk in off the street for my kids.

Buttermilk is great but they're more of a dessert place - I'd love somewhere other than Le Pain Quotidian to buy fresh bread.

I love that not one of you has refuted my point that NO ONE WANTS another real estate office in the neighborhood.

March 10, 2016 | Unregistered CommenterStephen

There's an amazing bakery called Runner & Stone on 3rd Avenue and President Street. Worth the walk. Incredible fresh baked breads.

http://www.runnerandstone.com/press/

Also Du Jour bakery on 5th Avenue is wonderful.
And there's also Colson Pattiserie and Cousin John's.

We hardly need more bakeries around here we are quite blessed in that regard.

I personally have everything I need within Park Slope, Carroll Gardens, Prospect Heights and surrounding areas. But the new yuppies want everything within a block of their home. Lazy.

March 10, 2016 | Unregistered CommenterIna

It's laughable that you think I'm a broker.

I'm no fan of real estate offices, but they are like banks, laundromats and nail salons a fact of life.

I think what everyone here finds offensive is your complete ignorance for all that that this neighborhood DOES have.

All you want to do is complain and pick apart every business and say how horrible it is.

Anyone who criticizes Al Di La and Convivum Osteria has got a lot of mental issues to work on. Sorry we don't have enough Mario Batali restaurants in Park Slope for you! I'm not even sure that you realize what an ignorant whiny yuppie you sound like. You've picked apart every store and restaurant anyone has mentioned. Why do you even live here if you hate it so much?

March 10, 2016 | Unregistered CommenterLisa

When real estate offices begin to close like 2008 then the economy will probably be in shambles. Would you prefer that or that someone spend the time and money to open up a business in your neighborhood?

March 10, 2016 | Unregistered CommenterBalki

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