piers
The barren and neglected Bush Terminal Piers in Sunset Park are going to be getting a $36 million, government-funded tune-up. Located on the waterfront between 43rd and 51st streets, the site was a working port for much of the last century until becoming a dumping ground for oil, debris and wastewater in, you guessed it, the 1970s. The plan for the 21st century? Ball fields, nature preserves, a fishing pier, restaurants. The list goes on. The state is paying about half the freight $17.8 million, with the city and the feds roughly splitting the remainder.
Funds Slated for Waterfront Clean-Up [Crain’s]
Park Perks Up Brooklyn [NY Post]


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  1. i have done some work out there on 53rd street between 1st avenue and New York Bay. the soil and groundwater out there is significantly contaminated – PCBs, oil, heavy metals, to name a few. for example a Con Ed tank farm (visible in the photo) released thousands of gallons of oil into the ground. at one point there was a plume of oil in the ground over 4 feet thick. they got their work cut out for them to redevelop that brownfield

  2. One more point on finding a brownstone in SP, it helps to walk around the neighborhood and look for “for sale” signs.

    The bigger brokerages that have a web presence have not gotten too far in this neighborhood yet. Thus you will find lots of smaller brokerages that you may have never heard of before. By walking around you’ll be able to find the properties that are on the market.

  3. I think there are some strong values to be had in SP right now. I’ve seen brownstones on craigslist in the $7-800s which are sure to do well in the coming years.

    Some things that add to this are that it is surrounded by Bay Ridge, Park Slope and Boro Park, all neighborhoods with much higher valuations that are expanding. Also, there are no projects. Add the waterfront revitalization into the mix and I think there are good prospects ahead for the neighborhood.

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