Do you want 14 residential units and 3 commercial units in beautiful Brooklyn for the low low price of: Free? The blogger at Hawthorne Street points to Prospect Lefferts' 205 Parkside Avenue, "an abandoned rathole" that has been vacant since 1979 and is now being advertised as free (though they doubt it's really free). There's even a Craigslist ad backing up the sign on the building. Any takers? UPDATE: The new rumor is that this is a prank. We still bet squatters could get in a few months of free rent, however. [via Curbed] more ›

As we've learned with the illegal, non-permitted Snickers campaign, shuttered storefronts are perfect for cheap advertising. The NY Times now reports that companies are "taking advantage of all the abandoned retail spaces in urban areas, marketers are leasing them at cut-rate prices and filling them with their ads." They call it the poor man's billboard, and it can cost just $500 for a 3-month runs in prime locations (something that could cost $50,000 were it on a regular billboard). Some landlords even donate the space, especially if they like the message. For example, Conservation International's campaign compared the destruction of the environment with that of the economy. The windows carried messages like 'Our shopping districts are starting to look as barren as our rain forests.'" Note that the retail vacancy rose 11.2% in the first quarter, the highest since the early 90s. more ›

This past week, the NY Times peeked inside the Vermont Market and Pharmacy in Carroll Gardens, which has been closed for over a decade...actually, owner Mark Stein wouldn't let them inside, but he does shed some light on the shuttered store. Apparently when it was open, it had a 1920s aesthetic and "was a combination drugstore and market, selling specialties from Vermont"; prior to that, and under the same owner, it was called Mark's Pharmacy. These days it serves as a look into the past, a frozen-in-time storefront sitting on Henry and Sackett Streets. Local lore is that the suspender-wearing Stein is a quirky genius and recluse who is perhaps unwilling to sell his piece of prime real estate. He recently addressed some of the speculation about the store's past with the Times:

He dispelled some of the rumors, though, saying that aliens were not the reason the store closed down. Mr. Stein said: “It didn’t quite work out.” more ›