On the Market: ‘You take the money and move on’

Nearly $10 M. to live in Clinton Hill?

Would you pay nearly $10 M. to live in Clinton Hill?

Now that Bed-Stuy condos are asking $2 million, we guess it’s only reasonable that “splendid beyond belief” Clinton Hill mansions are asking $9.87 million? But this one maybe housed two former New York City mayors, as Curbed discovered! Yeah, but still… as we always say, asking is different than getting.

Parking spaces are giving way to residential towers in Downtown Brooklyn, according to Crain’s. Everyone is super-pleased about this transition as the city needs more housing and anything is generally an improvement over parking lots.

Also, Greenpoint is finally getting additional waterfront park space, Crain‘s reports. Projects being developed by the Chetrit Group and the Park Tower Group will help to fund the 3.5 acre expansion. In other parks news, the Union Square Pavilion is now open, according to Eater, and is serving predictably hipster/bougie fare, such as kale Caesar salad, moules frites and market specialties on days of the Union Square greenmarket.

One woman’s tale of her selling her Park Slope two-bedroom sans broker is recounted in The New York Times. (Spoiler alert, the story has a happy $800,000-plus selling price happy ending.)

Cafe Blossom’s Upper West Side restaurant on 82nd and Columbus is closing, we read on Gothamist. Word is that the rent has more than doubled for their space. Several other outposts will remain open, but uptowners will need to travel a little further afield for their vegan bacon cheeseburgers in the future.

The Atlantic looks at why poor people can afford nice things like HD TVs and other consumer goods but not more important things like health insurance of daycare. Basically, the former is a comparatively inexpensive, one-time cost and the other is a quite expensive, recurrent cost.

But now that the poor haven been pushed out of so many New York neighborhoods, wealthy denizens yearn for grittiness. The New Yorker explores the co-option graffiti in high-end real estate, summing up how New York works thusly: “The same people kicking you out of your place might be hiring you to redesign it. You take the money and move on.”