Pencil Factory Back in Business

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The Pencil Factory’s had a tough last year, what with the default by the owner and the work stoppage. All hope is not lost, though. Curbed notes that the condo listings popped back up on the radar screen late last month with a pricing makeover. For example, a 1,280-square-foot two-bedroom pad that used to be $732,000 is now $659,000. That’s approaching the $500 a foot mark. Not bad at all. These should sell at those levels, we’d think.
Pencil Factory Sharpened for Clearance Sale [Curbed]
Scaffolding Down at Greenpoint’s Pencil Factory [Brownstoner]
Singer Defaults on Pencil Factory Loan [Brownstoner] GMAP
Greenpoint’s Pencil Factory Shut Down [Brownstoner]

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