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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 (70)

Hi Broker Lisa - Runner and Stone and Du Jour are both great but I'd still rather have a bakery than another real estate office. I am confused though - am I an ignorant whiny yuppie or a sissy? Your name calling hurts my feelings, sweetie.

I live here because Park Slope used to be an amazingly vibrant neighborhood where your neighbors WEREN'T international bankers and finance assholes. It's pathetic that our teachers can't afford to live in the neighborhood. You'd be shocked at how many PS 321 teachers commute from Westchester, Orange County and Northern New Jersey. Please though, lecture me on what's offensive.

Al Di La has gone way downhill and sticking up for them in 2016 is straight silly. A recent lunch there was so incredibly mediocre. I don't need "Mario Batalli" restaurants to be happy - just places that care.

Broker Balki - The neighborhood did just fine in 2008. I realize that you didn't live here then and you can't understand why people don't want to live next door to construction but trust me that things were much better when you and the other brokers were middle of the road average college students.

March 11, 2016 | Unregistered CommenterStephen

Stephen,

Park Slope has never been more vibrant.

I have worked with the 5th ave BID for many years and we have more businesses in Park Slope now than we ever have.

15 years ago you could barely pay someone to open a shop on 5th avenue and now it's one of the prime shopping streets in Brooklyn.

I also happen to have been a teacher at PS 282 for many years and live in Park Slope. Many of my former colleagues do as well and sure some live in other areas. Not sure why you think teachers should live in the neighborhood they work. Most people commute to other areas of the city for work. In fact the vast majority do. Even in the suburbs, teachers don't live in the same neighborhood as their school.

You sir, don't have any idea what you're talking about.

When Park Slope was built, it was the wealthiest zip code in the US. How about knowing a little history about the place you live. It wasn't built for teachers, it was built got wealthy people.

March 11, 2016 | Unregistered CommenterPatricia

Al Di La was just nominated for another James Beard award. You're seriously delusional if you think that place has dropped off at all.

March 11, 2016 | Unregistered CommenterYo

Stephen,

Im sorry to hear your experience living here has been so unpleasant as of late. I understand you own your own home. Perhaps you would consider selling it?

Lets talk

March 12, 2016 | Unregistered CommenterJBOB

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March 12, 2016 | Unregistered Commenterhappy holi quotes

Stephen got OWNED right and left on here! What a whacko! Sounds like this dude needs to move to the Meatpacking District for all his trendy shops and restaurants! I can't stand people like that who complain about every single thing. Dude sounds depressed big time. BTW, my husband is a teacher at PS 321 and we live in Park Slope.

March 14, 2016 | Unregistered CommenterJazmin

You can't reason with someone like Stephen.

These entitled newbies are so ignorant they live inside a bubble of self obsessed rich white people world where people actually complain about Al Di La. I mean, is this REAL LIFE?

They don't even realize that other people exist, much less that an African American teacher can (GASP!) afford to live in the same neighborhood they do. I mean, they worked so HARD for that money! It's a tough job whining to daddy to get out his checkbook!

March 14, 2016 | Unregistered CommenterLisa

Liisa-

If youre going to stereotype at least choose the correct one. Stephen is not the afraid of black people overprivileged newbie. Hes the grouchy, lived in PS forever and it used to be perfect but the newbies messed it up guy.

March 15, 2016 | Unregistered CommenterJBOB

Used to be perfect?

Child, I've lived in this neighborhood for 40 years and it's never been nicer!

Prospect Park is now a jewel instead of a trash strewn crime hole, 5th Avenue has sprung back to life and the schools are good. What's not to like?

It's one of the prettiest neighborhoods in any city I've ever been to in the U.S. I guess some people are just complainers.

March 15, 2016 | Unregistered CommenterLisa

<Checks the blog every couple of blocks>

<sees the same boring argument on a thread that has not been updated in weeks>

<lets out a big yawn>

<Thinks - maybe I'll check back in a year to see if anything has changed>

March 18, 2016 | Unregistered CommenterSue

Brokers reaching new lows by pretending to be be people living in the neighborhood for 40 years. Lisa and Jazmin - Good luck with your joke of a real estate office. No one wants you in our neighborhood. I can't wait to celebrate your failure.

Has anyone walked by this place? Using cardboard boxes for desks? Terrible fonts on their listings? I give them 6 months before they close up shop.

As for everyone saying that 5th Ave "has never been better" I'd suggest reading "The Rise and Fall of Smith Street" on Brooklyn Magazine's website. It's the exact same thing that is happening here.

March 23, 2016 | Unregistered CommenterStephen

Wrong. That's what is happening to 7th Ave, Stephen. 5th Ave is vibrant.

March 23, 2016 | Unregistered CommenterYo

I love 7th Avenue. Community Bookstore, Cafe Grumpy, Tarzian, Thistle Hill, Bagel Hole, Cousin John's, Back to the Land, Cafe Dada, Ramen Yebisu, Istanbul Park and tons more. Not sure what the problem is with 7th Avenue. A new Blue Bottle is opening as is a Juice Press, two of the biggest names in retail right now. Certainly not signs of an avenue in distress. Sushi Katseui is one of the best sushi places in Brooklyn and Bareburger is always packed. Even better news is that a new operator took over the Flea at ps. 321 starting last weekend and a lot of the old vendors are back!

March 24, 2016 | Unregistered CommenterLisa

Also Talde is probably one of the most popular restaurants in the neighborhood and it's on 7th Avenue. You can't get in there under an hour wait. I have a difficult time finding anything I really like on 5th Avenue. Seems like it's becoming a lot of chains now with that awful Grand Central Oyster and Le Pain Quotidien.

March 24, 2016 | Unregistered CommenterLisa

So, Lisa, you claim 5th Ave is becoming a lot of chains but 7th Ave isn't? You just raved about several chains that are open or soon to be opened in your post: Cafe Grumpy, Bareburger, Blue Bottle, and Juicepress. I'm not saying that 5th is better than 7th or vice versa, but at least be accurate with critiques.

March 24, 2016 | Unregistered CommenterBKperson

Le Pain Quotidien has 220 locations.

Bareburger and Grumpy have less than 10 and they are all in New York City.

Big difference.

March 24, 2016 | Unregistered CommenterLisa

And I think my point is that 7th Ave has been bustling for decades. It's been nice as far back as the 90's. So it's no wonder it's farther along in the process with rents higher than 5th (plus the foot traffic on 7th is much higher than 5th).

5th Ave has really only taken off in the last 10-15 years and already the chains are infiltrating in a big way.

Not all chains are bad, but I do love Blue Bottle and Grumpy and happen to think Le Pain Quotidien is really mediocre. That's just me though I know a lot of people love going to Starbucks for whatever reason.

March 24, 2016 | Unregistered CommenterLisa

Respected sir it is mind blowing information for me. I will share it for those friends who don't know about real estate office. Will sourly bookmark it.
May I know that how I can also open like it. Till then you can enjoy with Easter Quotes.
Have A Nice Day.....

March 24, 2016 | Unregistered CommenterBest Whatsapp Status

@BKPerson - No point in trying to convince Broker Lisa that her arguments are flawed. The vacancy rate on 5th Ave and 7th Ave are very similar with both avenues having multiple overpriced storefronts that Lisa, the other brokers and scumbag landlords are happy to have sit empty. They won't even rent out spaces as short term pop-up storefronts.

Call me jerk, curmudgeon or whatever but I'm right.

March 25, 2016 | Unregistered CommenterStephen

Brokers don't have storefronts sit vacant. Landlords set the rents. Get it.

March 25, 2016 | Unregistered CommenterBalki

it's absolutely idiotic (and more than slightly ignorant) to blame real estate agents for empty storefronts given that the only way they make money is by RENTING the storefronts.

Blame the landlords, Stephen and stop with your really sick obsession with real estate agents. Did you fail real estate classes or something?

You are reallllly stupid, do you realize that?

- not a real estate agent, simply someone who knows a dummy when she sees one.

March 25, 2016 | Unregistered CommenterKatie

Broker Katie and Broker Balki with the comebacks! Nice stuff guys. I love the thought of you both sitting around Space Marketing Shop with your feet up on cardboard boxes posting comments on a half dead neighborhood blog. It's so satisfying.

March 26, 2016 | Unregistered CommenterStephen

Never heard of the company before this article. Nice to know that company eats at you!

March 29, 2016 | Unregistered CommenterBalki

Honestly I welcome a new real estate office, at least it's not another underwhelming Italian/Asian restaurant. Never knew a neighborhood could sustain so many mediocre Asian and Italian restaurants before moving to Park Slope. Seriously how do they stay open??

April 7, 2016 | Unregistered CommenterPaul

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April 8, 2016 | Unregistered CommenterAIPMT Hall Ticket 2016

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