Strolling down Bedford Avenue, you’re greeted by a solid wall of new six-story brick buildings.
The apartments are spacious and cheap by New York standards. For half a million dollars, you can buy a three-bedroom condo in a new elevator building. The tan brick buildings won’t win any design awards, with their looming, protruding window cages and diagonally cascading balconies built solely for constructing booths during Sukkot. But the apartments are big enough to raise a kid or seven.
Cross Broadway north into the trendier section of Williamsburg, though, and half a million will barely buy you a studio. The new construction appears formidable, but it pales in comparison with the torrent of demand streaming into the neighborhood. Read More