$24 Million Deal for Greenpoint Avenue Walk-Ups

Three buildings in the Greenpoint Historic District go for $8 million apiece. The new owner plans to gut renovate the whole shebang, which presumably means the 52 tenants and their families will be looking for new homes (three units are rent stabilized – no word on what is in store for them).

Short-term vs. Long-term Affordability

The affordable units, of which 20 percent [about 18 units] will be permanently affordable, will be distributed to people earning between $23,000 to $105,000 per year.

Big change from 0% affordable, so kudos to Antonio for working that deal. But how long will the other 27 “affordable” units be affordable?

Williamsburg Gets a Boozy Starbucks

After almost 20 years of existential angst over the prospect of a Starbucks on Bedford Avenue, the Northside is finally getting its own chain coffee store. And in true Williamsburg 3.0 fashion, it will serve alcohol. Seems appropriate that the neighborhood’s first Starbucks is going into a former Superfund site, and that its coffee will be extra high octane.