Quicklink: Get To The ‘Point!
Filed under: 11222, Gentrification, Greenpoint, Greenpoint Brooklyn, Greenpoint Magic, WTF
Back in January, Dave Maundrell, president of aptsandlofts.com, hosted an open house for the building he was unveiling — a modest, 7,100-square-foot affair at 48 Box St. in Greenpoint, consisting of six condos.
“All the two-bedrooms were from $650,000 to $700,000,” says Maundrell. A 1,463-square-foot three-bedroom was asking $1.03 million.
Of course, such condo prices are not so unusual in the adjoining upscale Williamsburg. But Greenpoint has always been plagued by the lack of subway options (the nabe’s infamous G line doesn’t go through Manhattan) and somewhat tired housing stock.
But you’d never know it if you were at Maundrell’s open house — 250 people crowded in to look at the six units on offer.
“We basically sold out the first night marketing,” says Maundrell, adding, “everything above ask.” …I moved there with my family almost 10 years ago, exactly,” says Alan Hill*, who bought a townhouse on Java Street. Back then, Greenpoint “seemed more family-friendly and more affordable,” than other Brooklyn neighborhoods.
“There’s been a complete revival of Franklin Street,” says Hill, referring to the artery running parallel to the waterfront. “When we [moved in], the street was truly desolate — there was a bar on one end, a cafe on the other, and nothing in between.”
There are a number of reasons your truly found this tome fascinating. Firstly, you have the rendering the authors of this tome elected to use. It hails from McGuinness Boulevard. I can assure you, gentle readers, 48 Box Street looks nothing like this. It is much, much uglier (which is probably why the Post elected to roll with something else). In fact, I’d go so far as to say 48 Box Street is Greenpoint Ugly! Then of course there is the checkered history of 48 Box to consider. No mention is made of this. Read ’em and weep!
And oh yeah: did I mention that this building still does not have a Certificate of Occupancy?
*Au contraire, Open Space Alliance North Brooklyn Board Member**/home-owner, Mr. Hill! Franklin Street was not “desolate”. Businesses were located there and people were employed by them. They were simply not businesses which cater to you.
**It costs a couple grand to have this sinecure.