Afternoon Links: Borough Park Building Explosion Ruled Revenge Arson

In the News

Collision Averted as Falcon Chases Drone in Red Hook [LiveLeak.com]
October Borough Park Explosion Ruled Arson [NYP]
The Bold Idea Behind a Small Brooklyn School [NYT]
City Seeks Operator for Dormant South Brooklyn Marine Terminal [Crain’s]
Longtime Williamsburg Stylist in Limbo After New Studio Found Unsafe [DNA]
Fancy French Cookie Company Relocating to Gowanus [BK Paper]
Test Today to Become a Coney Island Lifeguard [AMZ]

How can the Brooklyn Heights co-op at 75 Henry Street make money from developing their property on Pineapple Walk without selling? Click through to find out…

Comment of the Day

What they should do is lease it to a developer. A ground lease could fund maintenance and taxes for the co-op for the long-term, while retaining ownership of the site. Ideally they would structure it with some upfront payment to be distributed to the co-op owners, and then ongoing rental stream that would be sized to fund ongoing taxes, and common charges. Developer couldn’t do condo on a ground lease though (would have to be co-op, condop, or rental).

— sabadodomingo in ​Another Tower for Brooklyn Heights? Henry Street Co-op Mulls $75 Million Offer

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