Development Watch: 185 York Street
The seven-story building at 185 York Street in Vinegar Hill is well on its way now but the big question remains to be answered: Can a market-rate project make it right across from public housing? Development Watch: 185 York Street [Brownstoner] GMAP P*Shark DOB
The seven-story building at 185 York Street in Vinegar Hill is well on its way now but the big question remains to be answered: Can a market-rate project make it right across from public housing?
Development Watch: 185 York Street [Brownstoner] GMAP P*Shark DOB
The project can sell as market rate units between $550 to $600 per sq ft with good finishes, layouts and quality.
Depends on what “Market Rate” means… if you actually figure in the price tag reduction because of the projects, then sure. But if you mean the typical absurd price tag, then No. Absolutely not. And by “absolutely not,” I mean… Of course, someone with more money than sense will buy them.
But I’m sure the developer has planned on charging $750k for a 1-bedroom like every other new building in Brooklyn… so it’ll be fun. Plus, charging crazy prices to live across from the projects means that folks in nicer neighborhoods get to raise their prices!! It’s all a fun feedback loop with no end!
“Can a market-rate project make it right across from public housing?”
Not those projects – please see 99 Gold Street