greenpoint real estate

Building (and Exploding) on the River — The Hook-up (8/17)

1056 Manhattan Avenue, via Yimby

It’s been an explosive week here in Greenpoint. While real gunfire rang out on Noble St. on Tuesday, stunt explosions detonated over the Greenpoint Avenue Bridge the very same day.

In Real Estate news, a new behemoth is going up on Manhattan Avenue. The first renderings have been revealed for 1056 Manhattan Avenue, clocking in at 56,746 sqft. of retail and residential space.

One Blue Slip, the first of Greenpoint Landing’s market rate buildings is open for leasing. One-Bedrooms begin at $3,225, and according to the New York Times, 90% of units have water views.

If you want to get River Views without paying an arm and a leg, you can tour the new phase two of Hunters Point South Park in Long Island City.

 

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325 Apartments to be Built on Nuhart Site

Rendering of 22 Clay St. Via the Real Deal

Nothing says toxic development quite like a state-level superfund site. But, Yoel Goldman, of All Year Management, a firm that toped Stabilizing NYC’s list of the city’s worst landlords, is moving forward with a plan to demolish the former Nuhart Plastics factory and build two new six-story apartment buildings at 22 and 26 Clay Street.

Together, the two buildings will bring 325 new apartments to Greenpoint. Additionally, 6,000 square feet at 22 Clay Street will be set aside for commercial space.

This is not the first time that major developers have tried to build on land near the Nuhart site that is considered highly-contaminated. In June, the neighborhood organization Neighbors Allied for Good Growth lodged a petition against Greenpoint Landing’s proposed K-8 school, which is slated to be built across from the factory space.

 

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Docking, Driving, Building and Borrowing — The Hook-up (6/8)

Williamsburg car-share sites dedicated to the DOT’s new pilot program. Via Greenpoint Post

Happy Friday, Greenpoint! Now you’re really living — because the Newtown Creek Alliance has announced plans for the construction and installation of a second Living Dock within Newtown Creek.

And if that doesn’t quicken your pulse, maybe the unveiling of a new staircase at the Bedford Avenue L station will. They opened on Saturday as a first taste of the MTA larger L-pocalypse repair work.

But, with more stairs comes fewer parking spaces. The city has reserved dozens of spots in Williamsburg as part of its car-sharing pilot program.

Speaking of sharing, Brooklyn Public Library cardholders can now borrow musical instruments for up to two months at a time!  Continue reading

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Banking on New Development — The Hook-up (6/1)

There were some major Real Estate stories in the news this week. First, Greenpoint Savings Bank (807 Manhattan Avenue) has been sold to investor Jack Terzi for $10 Million. While still under-long term lease to Capital One, the building may become retail space in the coming years.  Continue reading

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Live in a One-Bedroom on Manhattan Avenue for $1020/month

977 Manhattan Avenue
977 Manhattan Avenue via 6sqft

While many Greenpointers find it difficult to cheer constant “luxury” real estate development in the neighborhood, the situation may yield one perk: the housing lottery. The newest spot with apts on offer is 977 Manhattan Avenue, between India and Huron. The entire 14-unit building is going for a cool $14.25 Million, but New Yorkers earning 60% of the area median income can apply for 3 1-bedroom apartments, each asking $1,020/month, including utilities.

The environmentally conscious among us might be excited to know that the building is Green Certified, and sports energy-efficient elements, including solar panels. Other perks include a bike room, central air, and in-ceiling speakers.  Continue reading

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Pricey Condos, Pretty Parkland and How to Buy Your Apartment for $100 — The Hook-up 12/22

Mini new York at the holiday
A merry, mini, holiday at the Queens Museum via Artsy.net. Photo by Max Touhey

Happy Holidays, Greenpoint! Greenpoint’s festive lights, abundance of holiday markets, and glorious array of bakeries has us all set for merry making. While we have some great ideas for last minute gifts, the news this week points to one big ticket item: if all you want for Christmas is a condo… you’re in luck. Two more properties in the area have been acquired by development firms.

Mortar Arch + Dev is planning a 5-story 14,000 square-foot project at 167 Eagle Street that will include 14 condos.

Grand Street Development has updated its design for 848 Lorimer Street, a six story building with over 36,000 square feet and 52 apartments.

Meanwhile, the waterfront esplanade promised in front of The Greenpoint, a 40 story development still in progress, is beginning to take shape. Private developers are required to create public park land, and to cede that land to the city, as part of the 2005 rezoning agreement. The esplanade should be complete by the spring.

If all this redevelopment is getting you down, here’s something that might bring a little cheer: the Queens Museum has a stunningly accurate 1:1200 scale model of New York City. The model was first commissioned by Robert Moses for the 1964 World’s Fair, and has been updated over the years. In order to maintain the model, the Queens museum is “selling” the miniature properties. For $100, you can buy any apartment you like, and even get a deed in the mail.

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Everything You Need to Know As Development Prepares to Go Full-Throttle in Greenpoint

A rendering of a high-rise coming to Greenpoint Landing (via Brookfield Property Partners and Park Tower Group)
A rendering of a high-rise coming to Greenpoint Landing (via Brookfield Property Partners and Park Tower Group)

If the trucks, dust, and noise of recent months haven’t been self-evident enough, the Northwest corner of Greenpoint is now bracing itself for more of the above.

In a meeting held Tuesday between developers, city officials, and community representatives, Council Member Stephen Levin attested to the notion that we’re more or less exiting the warmup phase of the current development cycle and heading for the main event.

“The reality is that the pace of development has sped up over the last six months to a year,” he said. “Even since we first start meeting, the pace of development has really accelerated. That’s because the economy’s doing well, banks are lending, developers are getting in the ground, and things are moving.”

Organized by Neighbors Allied for Good Growth (NAG), the meeting gave residents an opportunity to ask some tough questions and hear a slightly more unscripted perspective from developers.

Hot topics included Greenpoint Landing, the West Street project (what’s the deal with all those missing trees?), environmental remediation at NuHart, and the not-so-promising future of Greenpoint’s parking situation. The aftermath of the infamous Halloween rave also received some airtime (for those curious, fines will be levied, but the amount is still undetermined).

nuhartThat construction is inevitable (and that it’s inevitably a nuisance) is hardly breaking news, but it seems as though residents still have a window of opportunity to air their concerns and perhaps influence the direction some of this taking. The public comment period for the Nuhart State Superfund remediation, for example, is still coming up.

In the meantime, here are a few of the latest updates from the land of jackhammers drilling into toxic soil. Continue reading

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Bike Raves, Secret Seders & Even More Secret Puddles — The Hook-Up 5/13

Photo by Sunny Jhooty Photography via Brooklyn Greenway Initiative
Photo by Sunny Jhooty Photography via Brooklyn Greenway Initiative
A state study is claiming that there’s no obvious connection between pollution and the increased incidence of health issues in people living near Newtown Creek. But said residents are calling bullshit.
 
It’s no naked bike ride, but there are glowsticks involved. The Brooklyn Bike Rave is happening this Saturday night.
 
There’s a new 90-unit mixed-use residential development going up where seven buildings have been sitting (up til now) at 1050-1066 Manhattan Avenue and 154 Eagle Street. Of course, you can’t make an omelette without demolishing a few existing apartments (and tearing down that iconic J. Josephs & Sons Co. signage), but demolition permits haven’t been filed yet.
 
Passover might be pretty passé at this point in May, but this was too cool not to share. It seems as though the Sunview Luncheonette was home to a secret, alternative Passover Seder.
 
It’s been a while since Greenpoint first caught the attention of the New York Times trend watch, but now it looks like The Wall Street Journal has caught on.
 
It’s happening: the old Polonaise Terrace building is bringing in some new, well-known tenants. The Brooklyn Night Bazaar is moving in and creating a space that’s “much weirder than its predecessor.
 
There’s no place like home, and there’s no place where per-foot condominium sales prices are rising faster.
 
Have you seen this shirtless cyclist who attacked a driver with a bike lock?
 
 

There’s been a debate happening re: how viable that Brooklyn-Queens Connector streetcar is. A commissioned study seems to say it’s pretty viable.

A group of second graders at P.S. 31 Samuel F. Dupont won a trip to Universal Studios in Orlando. Just look at those faces!
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The Peril of the Birds, Plus Election Aftermath — The Hook-Up 4/22

That's Ted Cruz territory in yellow. All hail the Sewage King. (via New York Times)
That’s Ted Cruz territory in yellow. All hail the Sewage King. (via New York Times)
What’s stopping Greenpoint’s birds in their tracks? A discussion on the North Brooklyn Community page on Facebook brought attention to a weird prevalence of dead birds (and even a hawk) around the bus stop on the corner of Lorimer and Driggs, supposedly after flying into the glass.
 
As you’re surely all aware, Bernie’s best electoral NYC performance took place in Greenpoint. What you don’t know is that Ted Cruz’s also did. He didn’t just win by one vote, though. He won with one vote. Yeah, just read the thing.
 

Re: shutting down Riker’s Island: the city’s looking into it. But apparently it’s looking at Greenpoint as a potential site for a new satellite jail where it can transfer inmates.

The latest news in the L Train saga is that the city is setting its sights on 2019 as closure time. But things are still inconclusive.

Continue reading

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