Happy Friday! Here’s the scoop on the New York real estate world this week!
The Week: March 28 – April 1
In this exciting week in the real estate world, we see the impact that transit will have throughout New York with the potential shutdown of the L train.
TripleMint’s Pick: Here’s how real estate players are bracing for the train shutdown
The L Train could potentially shut down for over 18 months, but how would that affect real estate? Along with monthly rental shifts, residents might see an increase of traffic in other subway connected neighborhoods. Aside from the obvious commute changes, the L Train shutting down can affect many portions of the New York life.
How New York Allowed Gentrification for $16 Million
Midst of Mayor Bill de Blasio’s affordable housing plan, a protected property has been sold, which has lifted all restrictions on the building’s usage. This is highly concerning since the building’s initial and only use was for non-profit residential health care. With the restrictions gone, fear of gentrification and unaffordable housing rise.
In Brooklyn, More Space for the Money
Buying an apartment fit for a family of three with potential for more is never easy while in New York. After countless searches and never ending wrong choices, this family finally found what they were looking for in untraditional places. Deciding for a place in Brooklyn, the family thought they wouldn’t like their future home, but once inside they fell in love.
Zaha Hadid Dies at Age 65
The architectural world is saddened to have lost Zaha Hadid a truly pioneering architect. Winning the Pritzker Prize and receiving the Royal Institute of British Architects Gold Medal, Hadid paved the way for woman architects. We mourn the loss while also commemorating her legacy.
Bushwick Fire Tears Through a Block of Rowhouses
A rapidly spreading fire broke out in Bushwick this week. Among the damages include residents, buildings and even animals. While thankfully no one was critically injured, many are now left homeless for the time being.
A third Chick-fil-A in the city is already being cooked up
Do you live in New York? Do you love food? Do you love Chic-fil-A? If you answered yes to any of these questions then get your metro cards ready. A second Chic-fil-A will be opening this Saturday and already another location near Madison Square Park is under discussion!
