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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Do The Time Warp: Greenpoint Real Estate, Circa 1919

Rendering of the Astral; Courtesy of the Brooklyn Department of Buildings
Rendering of the Astral; Courtesy of the Brooklyn Department of Buildings

In 1919, The Brooklyn Daily Eagle devoted some glowing coverage to Greenpoint, calling our slice of North Brooklyn “the first manufacturing center of the Empire State,” where “the smokestack is as sacred as the steeple,” and “public spirit…is not surpassed in any district in the City of New York.”

Our intrepid content manager, Megan, found the article earlier this week, and we thought the paper gave such a detailed view of life in Greenpoint 100 years ago, we’d do a series on life in the ‘nabe back in the day.

So, Welcome to our first installment of Do The Time Warp, when we look back on life in Greenpoint 100 years ago. In today’s post, we’ll check out Greenpoint’s housing market circa 1919, and delve into what life was like for people who lived here.

It seems that some of the same advantages that draw New Yorkers to Greenpoint today, exerted a similar pull 100 years ago. For example, the Brooklyn Daily Eagle reported that “the close proximity of this district to the center of business life in Manhattan has been fully recognized by the far-seeing manufacturers of the metropolis,” and by homeowners alike.

In fact, homeownership was common in Greenpoint. The paper maintains, “Housing conditions have been remarkably good, and despite the fact that Greenpoint is generally known as a manufacturing district, a large percentage of the dwellings are owned by persons who live on the premises and are employed in or near Greenpoint.” Happily, this seems to have kept Greenpoint “particularly free from that class of undesirable citizens known as ‘rent profiteers’.”  Continue reading

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“Affordable” Housing Lottery Now Open for $2100 Studio in Greenpoint

197 Freeman Street. via City Realty
197 Freeman Street. via City Realty

A studio apartment in a luxury Greenpoint building could be yours for the (low?) price of $2100, provided you make between $72k and $95k. The 4-floor 20 unit building boasts a gym, roof deck, laundry, and parking, but you’ll most likely have to fork over additional cash to make use of those sweet sweet amenities.

The housing lottery is now open for six units of varying sizes at 197 Freeman Street, with rents ranging from $2100 to $2715. A one bedroom with a private terrace in the building is currently listed at $3115 with no brokers fee. You can apply online for the units here, and the deadline is August 6th.

But with six figure income ranges for these “affordable” units, this housing lottery makes us wonder if the developer really should be entitled to any kind of tax benefit. What do you think, Greenpoint neighbors?

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Matchless is Coming Down (Eventually)

The old Matchless building, on Driggs & Manhattan Avenue. Photo: Megan Penmann
The old Matchless building, on Driggs & Manhattan Avenue. Photo: Megan Penmann

File under not-shocking-at-all news: the former location of beloved neighborhood beacon Bar Matchless (561 Driggs Avenue) is slated to become condos. Developer Bi Hang Cheng has filed permits for a six-story eight unit building to go up in place of the former live music bar. No word on whether the apartments will be rentals. Cheng paid $4.45 million for the building back in April, after Matchless fought closure (and lost the battle) in January.

Since then, the building has remained empty and the facade consumed by graffiti. The developer has not yet filed demolition permits, so the building still stands. For now.

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Pizza, Politics and Floodplains — The Hook-up (7/13)

We Scream for Vegan Pizza via AM New York

Happy Friday, Greenpoint! This week, in an effort to find the best vegan pizza in the city, AM New York landed in Greenpoint, at Screamers.

Meanwhile, Councilman Antonio Reynoso, who represents Williamsburg, and parts of Bushwick, has endorsed Cynthia Nixon for Governor of New York.

And, according to Patch, all of North Brooklyn’s new construction may be running a wet and wild risk, since North Brooklyn’s coastline is prone to flooding.   

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24-hour Climbing Gym Coming to Greenpoint Next Year

1 Nassau Avenue. Rendering via Cayuga Capital
1 Nassau Avenue. Rendering of the new climbing gym via Cayuga Capital

An old warehouse on the corner of Nassau Avenue and North 14th Street is slated to become a climbing gym, according to real estate site The Real Deal. Vital Climbing Gym, a chain based in California, has signed a 15-year lease on the 31,000 square foot space and plans to build it out and extend the square footage with a working rooftop. Apparently they are planning a 24-hour full-service gym, and expect it to be open by next summer. This will be the gym’s first location on the East coast.

The building was built at the turn of the 20th century, and originally housed a metal manufacturing company. Continue reading

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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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NYU is in the Pencil Factory, The BQX isn’t in the Budget, and NYC blames Airbnb for Rising Rent — the Hook-up (5/11)

BQXRendering_Greenpointers_Cadkin
Not Today, BQX

Happy Friday, Greenpoint! Say hello to our newest neighbor: NYU School of Medicine. NYU has signed a 15-year lease for nearly 17,000sqft of space at 74 Kent Street, and will open a physical therapy and imaging center.

While we will be getting NYU, we won’t be getting BQX. Mayor de Blasio did not include the project in his budget for the next fiscal year, and the city’s Economic Development Corporation also declined allocate funds for the Gentrification Express.

Speaking of big budget items, the former Greenpoint Mechanics and Traders Bank at 144 Franklin Street is on the market for $6.5 Million.

If that sounds steep, the city hopes you’ll blame Airbnb. A study from the city Comptroller finds that airbnb listings have driven rents in Greenpoint up about $100/month. The Comptroller also blames the company for rent increases and homelessness across the city, a very steep charge to level against New Yorkers who share their homes on the platform because rent is so high in the first place.  Continue reading

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You Can Go to Hawaii Or Palm Springs Will Come To You — The Hook-up (5/4)

The Springs
Gettin Tropical at The Springs via The Springs

Welcome to Friday, Greenpoint! Now that the sun is out, the news is full of all things Paradise.

First up, what’s better than Summer Fridays? An all-expenses paid trip to Hawaii. The Hawaii Tourism Board is now accepting applications for a week-long remote work-residency program exclusively for New Yorkers. 

If you can’t make it out to Hawaii, have no fear, there’s a new piece of paradise right here in Greenpoint. On Thursday, The Springs opened at 224 Franklin Street sporting Southern California vibes!  Continue reading

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Plans, Permits and Packages — The Hook-up (3/23)

A System Wide Meltdown Hit the G train hard! Via The Village Voice

The pace of change is swift here in the city, what with permits for new developments constantly being filed (like these for 85 and 87 Calyer Street), but this week, area residents are remembering the bygone gems of the early aughts, like Monkeytown, the performing arts paradise which began in a loft space at 222 Leonard street in 2003. (For those looking to relive the glory, Monkeytown may make an appearance in Mexico City later this year.)

Speaking of entertainment paradises — Newtown Creek! Really. The Newtown Creek Alliance’s long-term plan involves 85 projects along the waterway “that tie industry and recreation—without one compromising the other.”  Continue reading

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