HOTD: On the Greenpoint Waterfront, Sorta

house
While calling this "waterfront property" (as the listing does) may be a bit of a stretch, there is certainly a bit of a cul-de-sac vibe working for this three-story house near where Greenpoint Avenue dead-ends. And, to be fair, you probably can see a little of the East River from the front windows. Judging from the choice of materials on the ground-floor exterior and the fact that the house has been in the same family for three decades (and that the realtor didn't include any interior photos), we're not optimistic about finding tons of charm inside the front door. The only reason we can find to justify the asking price of $1,390,000 is the unused FAR — enough, perhaps, to build couple of extra floors.
Waterfront Two Family [Greenpoint Properties] GMAP P*Shark

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I don't think "waterfront" is really that much of an exaggeration here. The block dead ends at the water, and there will be a nice park at the foot of Greenpoint Avenue - two or three doors away. And I think all of the towers will a block or two away from this site. So IF and when this ever gets built, you'll have a two-block long waterfront park at your front door. Not many houses in NYC have that.

Posted by: Halden at January 22, 2007 12:37 PM

The block dead ends not right at the water, but at NYC Parks Department property which is a significant distance from the water. That's what you see here:

http://greenpointproperties.com/wp-content/images/DSC_0044.JPG

And, given the angle of this house, i'm hard pressed to think they have ANY view at all from the windows- roof for sure, though.

but, still, the point is taken on the future of the neighborhood.
those families have been there forever. they take over the end of the block every 4th of july.

Posted by: jukeboxgraduate at January 22, 2007 12:53 PM

I believe Halden is mistaken. I believe that high rises will go up right across the street, on the former Greenpoint Terminal Market site, at which time you can kiss the "cul-de-sac vibe" good-bye. Unchanged, however, will be quick access to the planned waterfront promenade and a pretty short walk to the G train.

Posted by: Anonymous at January 22, 2007 1:40 PM

if one is going to be dependent on the G train I find this place vastly preferable (I'm not the owner or broker): http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=921868

Posted by: anonymous at January 22, 2007 2:03 PM

This is just up from where the Greenpoint ferry used to dock (i think it closed in the 1930s). Its on Greenpoint ave which is double-wide because it used to have the ferry terminal trolley running down the middle. A lot of the double-wide streets running down to the river in north brooklyn had ferries at the end going over to manhattan (like grand st a few blocks away). Lord knows why they ripped up all the trolleys. Great low-pollution transport. Thats progress.

Posted by: loser at January 22, 2007 2:35 PM

This house has been on the market, at the same price, with the same broker, for over a year. While I have not been inside, I did sneak a peak one time when the door was open. Think gut reno.

Posted by: Anonymous at January 22, 2007 3:53 PM

1:40 is right - the rezoning sort of immediately across the street would allow a high rise, though I think most of the tall building at the GTM site would be a block or so south. Either way, though, some day this little building will be lost in a land of tall buildings. Still be near the water and right next to a park, though!

Posted by: Halden at January 22, 2007 7:50 PM

"The only reason we can find to justify the asking price of $1,390,000 is the unused FAR"

I don't know what 'FAR' means but it MUST be something along the lines of "Freaking Absence of Reality".

Posted by: ben dover at January 22, 2007 7:57 PM

I still don't understand how anyone would ever buy anything in Greenpoint as long as the toxic ground is still an issue. Cancer rates are very high there. I wonder if the oil spill and numerous other toxins will be cleaned up before the luxury towers get built.

Posted by: Anonymous at January 22, 2007 11:48 PM

Not ALL of Greenpoint has toxins under ground. The spread is in the Appollo St. section, not down by Greenpoint Avenue. Don't knock the entire neighborhood.

Posted by: Anonymous at January 23, 2007 12:01 PM

I love the location of this building, but I think that it needs to be knocked down and rebuilt.

Posted by: flyintheointment at January 25, 2007 10:20 AM

The stories about the cancer cluster and toxins are being pushed by Williamsburg developers trying to cover up the cancer cluster that was reported on Devoe Street in Williamsburg, not Greenpoint. These scare tactics have been going on ever since Greenpoint was able to get it's East River waterfront rezoned. The NYC Dept of Health studies are available at www.nyc.gov and show that the cancer rates in Greenpoint are no higher than the rest of the city, and that the rates of certain types of cancer are dramatically lower than the rest of the city. There is an underground oil spill however, but it is nowhere near north Greenpoint. The spill is under the mostly eastern industrial section near the creek and the East Williamsburg Industrial Park. There are homes on Morgan, Sutton and Van Dam in that area which may be affected by the spill.

Posted by: Greenpoint Archives at January 25, 2007 12:43 PM

re: Williamsburg Cancer cluster (Not Greenpoint)
The NYC Dept of Health completed health studies in 2003 and 2006 available at nyc.gov. Both studies showed cancer rates in Greenpoint (and it specified all variaties of the disease) are no greater than anywhere else in the city and in some cases lower. The rare sarcoma cancer cases that were found on Devoe Street and Grand Street in Williamsburg were actually trying to be portrayed as occuring in Greenpoint in some papers and by some elected officials. People have to understand that there is a tremendous amount of money being invested in sections of Williamsburg south of the bridge that really have no pubic transportation or neighborhood amenities. These developers are well aware of the challenges that the quick access to mass transit and solid neighborhood environment that Greenpoint has pose on their developments created in less attractive areas. And yes, these developers have friends in high places. Connect the dots!

Posted by: Anonymous at January 25, 2007 12:44 PM

Hey - Nobody seemed to report about the Radioactive Waste Facility (RADIAC) on Kent Avenue being just down the block from the new luxury highrise being built on Williamsburg's waterfront. Seems like maybe the developers do have influence over the press! Maybe it would have been a story if it were located in Greenpoint?

Posted by: Anonymous at January 25, 2007 12:45 PM

« Condo of the Day: 345 Union Street Monday On The Record »

January 22, 2007

HOTD: On the Greenpoint Waterfront, Sorta

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