The Prospect - the fancy condo on classon

Good news for the neighborhood for sure.

It's always funny to me when things sell for a million dollars and fifty cents.

I credit the media spotlight on the Pro-Cro label debate. Shhhh - if you listen closely you can hear the chase bank machines, Rite Aids, and American Apparel retail spots marching towards us.... be warned something boring this way comes.

Cool The Kid said:

I blame the "Breukelen" named businesses

Hey Kid,

If you like things named Breukelen, you will love the Breukelen Houses! It’s a NYCHA Housing Development built in the early 1950s. 65 acres! Solid gold magic, right at the border of Canarsie – East New York. Thank me later! ;-)

http://www.nyc.gov/html/nycha/html/developments/bklynbreukelen.shtml

since dilapidated pre-war and ugly douche-modernist are our only two choices?

whynot_31 said:

I was amazed then, and still amazed now.

I'm continually amazed that the Meier bldg is slowly but surely selling at what I consider to be incredible prices.

I so totally agree about the Meier building!

whynot_31 said:

Yes, this block of Classon may have some of the biggest income disparities in Brooklyn.

I wonder for how long? The writing is clearly on the wall for all to decipher. For Good, Bad or somewhere in between.., America is a capitalistic society.

If there is enough a profit to be made.., practically speaking, why would the owners of the older dilapidated building NOT sell to any developer with the "right offer".

Developers - if the building is not rent stabilized and/or controlled - empties the building of it's current tenants when there leases expire, tears down old structure and builds a brand new one for a brand new income group.

That block will transform, building by building.., it's only a matter of Pacing - economy dictated - and Time Frame - reality.

whynot_31 said: ...I have to continually remind myself that there are a lot of people with a lot of money. Some of them international, some of them from right here in NYC.

I totally realize NYC is FULL of deep pocketed individuals - talking low 7 figure income minimum - I unfortunately work for many of them as a freelance filmmaker.

That's where I see the distinction. What I notice in many native well off NY'ers, is not their their willingness to financially invest "in the outer boroughs or an up and coming neighborhood" "sketchy" in their minds - a legal profitable investment is a profitable investment to most investors..,

BUT their willingness to actually LIVE in this "up and coming community". They seem to have a universal "Hell No!" attitude.

People from out of town, it depends on their personalities, experiences and stories and/or research about that particular "up and coming community".

Internationals' seem more open minded and willing to actual live in the "up and coming communities"in which they purchase their properties at seemingly astronomical prices in comparison to the immediately surrounding neighborhood.

When I lived in Park slope, many of my well of clients, who were native NYer's, were so fascinated that I lived in, slight gasp, "Brooklyn!"

To them any part of Brooklyn was dangerous. Some politely tried to coax some - I have no idea where they received their references - shoot them up drug stories for me.

Not all, and I was pleasantly surprised everytime - mainly an older group of investors for a piece I did for a museum - proudly told me how their parents worked their way out of the Lower East Side of the 20's etc, & how they struggled financially to educate themselves to achieve their current status.

vaportrail said:

If there is enough a profit to be made.., practically speaking, why would the owners of the older dilapidated building NOT sell to any developer with the "right offer".

It's the fear of future rent regulation that keeps investors away from the dilapidated buildings.

Point was addressed in paragraph six of my above post. My post is a lil' on the long side - sorry - so I highlighted the Developers paragraph and their concerns.

well, summer has arrived and usually brings with it gunshots, and just down the block at Lincoln/Franklin last year was a place of much action. I wonder if our new millionaire neighbors are aware. things seemed to have calmed down a bit the past couple of years but no doubt something will erupt at some point.