On the Market: Air Rights Sale Could Rescue Pier 40

david_shankbone, flickr.

david_shankbone, flickr.

Pier 40 might finally get some much-needed repair if a deal to sell its air rights for $100 million goes through, The New York Times reports. The deal, which would transfer the rights to the nearby St. John’s Terminal site, a dilapidated enormity that would be torn down and replaced with new construction, could fix the decaying pier. But the deal will require state and potentially city review and approval.

The Wall Street Journal points out that the duplex penthouse at the former New York Police Headquarters in Lower Manhattan might look a little like a gym because it was a gym. The owners are now trying to get $31.4 million for it.

A dramatic ending for a restaurant and wedding venue in Dumbo: the owner of ReBar was arraigned in court yesterday and charged with grand larceny and criminal tax fraud for owing more than $1 million in taxes, according to The Wall Street Journal. As for all the couples who lost their wedding deposits, they’ll have to pursue him in civil court.

Amy Sedaris pokes fun at the New York City apartment hunt and the hell that is lofted beds on Comedy Central.

Speaking of lofty: ever a fan of lofty rhetoric, Bill de Blasio wants to stir men’s blood, women’s blood, everyone’s blood with his affordable housing plan, Capital New York reports. The mayor spent quite a long time talking about how ambitious his plan is at the affordable housing conference.

Crain’s reports that developer Michael Stern is mulling the purchase of a development site on West 24th for $32 million, which would work out to a record-breaking $800 per square foot.