The Game Changer For Canarsie, Brownsville And East New York Gentrification. (Utica: rent, low crime)
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You can't gentry public housing projects; which is almost all of Brownsville and much of ENY.
I dont even know why Canarsie was brought up. It doesn't even belong in the same sentence as the other two locations. Canarsie won't gentrify because it's filled with homeowners, many of whom are financially comfortable enough where they won't get pushed/priced out of their homes like inmer-city rentors. It doesn't even offer much of an urban lifestyle like all of the other hip spots (Bed-Stuy, Hoboken, Bushwick, Jersey City Waterfront, Harlem, LIC, etc)
Just because you "own your own home" even if there isn't a mortgage you still have taxes. Many seniors and "middle class" African Americans are being pushed out of Bed-Stuy just as they were from Clinton Hill and Fort Greene. Rising assessments means their property taxes keep going up including the hikes from mayor Bloomberg's administration. Let us not even go there with water bills.
Because of the backwards way NYC and NYS manages real estate taxes property owners were paying increases even when the RS market was down over the past few years.
The word gentrification has taking on so many different meaning. If we are talking about urban renewal then yes, it will gentrify given the amount of tax incentives the city plans to provide the area for capital investment. Whether you see millionaires roaming the surrounding area, probably not.
But its dozens of stops away from Downtown Brooklyn and a world away from Downtown Manhattan. This is what gentry folks looks for.
Incorrect. "Gentry folks" look for a decent proximity. The commute from ENY and Brownsville isn't bad at all, and is do-able. Both neighborhoods are served by multiple express trains. The reason why ENY and Brownsville aren't gentrified is because both hoods are ghetto. They contain a high amount of undesirables, with a high murder rate, and no viable amenities. The housing stock in ENY is pretty decent. However Brownsville moreso than ENY will have more of a tough time gentrifying. The CPC has it's work cut out for em.
Incorrect. "Gentry folks" look for a decent proximity. The commute from ENY and Brownsville isn't bad at all, and is do-able. Both neighborhoods are served by multiple express trains. The reason why ENY and Brownsville aren't gentrified is because both hoods are ghetto. They contain a high amount of undesirables, with a high murder rate, and no viable amenities. The housing stock in ENY is pretty decent. However Brownsville moreso than ENY will have more of a tough time gentrifying. The CPC has it's work cut out for em.
Harlem is hood, bedstuy is hood, South Bronx is hood. However they are closer to Manhattan vs. Eny and Brownsville. If anything bayridge would have gentrified or even all of Staten Island would have gentrified longtime ago. Transients look for proximity first and foremost more than anything else.
Am old enough to remember when Citibank built those buildings in LIC. IIRC the idea was to stem the flight of businesses out of Manhattan by choosing "lower cost" area that still had good transit access to Manhattan. Fair enough...
Long Island City never really took off as a second financial district or anything else businesswise. Persons transferred or set out there unless they lived in Brooklyn hated the place. Fast forward several Wall Street crashes, recessions and other economic upheavals and the NYC financial world looks much different today than it did in the 1980's. Many firms are either gone (E.F. Hutton) or merged into larger (Smith Barney). Unlike in the past you also have tons of empty commercial office space not only in mid-town but around WS as well. Citibank has been on a downsizing kick since the most recent financial crisis and that is going to continue.
This being said CB will do very well on that property when it hits the market. It may not have worked out so well for office space but residential is another story. Mayor de Boob and the City Council are out of the box already leaning on Citibank to "do the right thing" and "work with the City" so whomever or whatever happens to that property some sort of "affordable housing" component is included.
LIC has smaller companies that are headquartered or have major operations there. JetBlue has it's corporate headquarters there. Uber has major operations there. Kaufman Astoria and Steiner Studios have grown. But yes for residential purposes LIC has done very well and has had very rapid development in a short time.
Harlem is hood, bedstuy is hood, South Bronx is hood. However they are closer to Manhattan vs. Eny and Brownsville. If anything bayridge would have gentrified or even all of Staten Island would have gentrified longtime ago. Transients look for proximity first and foremost more than anything else.
Yes. And it's not just the transients. Since Harlem and Bedstuy are close to areas where people want to be, it's easier for them to attract major investment and that helps improve the neighborhood and attract even more newcomers.
One reason why Brownsville became so hood is that it was far from Manhattan and ditto East New York.
People forget not too long ago neighborhoods like the Upper West Side and Hells Kitchen were hood. Ditto Lower East Side, the Village, and Chelsea. But these neighborhoods were close to Midtown and/or Downtown. So it was easier for them to attract capital investment and people. Ultimately it's areas in or near the urban core that gentrify and ENY and Brownsville are too far from the urban core to attract much money.
An exception would be the parts of the Rockaways that have gentrified (Arverne) but that is because the Rockaways are beach front and people find that desirable.
Yes. And it's not just the transients. Since Harlem and Bedstuy are close to areas where people want to be, it's easier for them to attract major investment and that helps improve the neighborhood and attract even more newcomers.
One reason why Brownsville became so hood is that it was far from Manhattan and ditto East New York.
People forget not too long ago neighborhoods like the Upper West Side and Hells Kitchen were hood. Ditto Lower East Side, the Village, and Chelsea. But these neighborhoods were close to Midtown and/or Downtown. So it was easier for them to attract capital investment and people. Ultimately it's areas in or near the urban core that gentrify and ENY and Brownsville are too far from the urban core to attract much money.
An exception would be the parts of the Rockaways that have gentrified (Arverne) but that is because the Rockaways are beach front and people find that desirable.
This is very correct.
If NYC was the size of other legacy cities such as Boston, DC and San Francisco, it would be possible to see all of NYC gentrified. Sadly NYC is a huge city and hundreds of square miles bigger than other legacy cities for that reason alone NYC can not fully gentrify. If NYC was a smaller city, but also a city that is more connected via transportation, it would be a 100 percent possible to see a fully gentrified city. People on here do not understand that gentrification has limits and boundaries. Due to its size gentrification is going to be a long process. Hell it took nearly 40 years for gentrification to leave from the East Village and arrive in Williamsburg Brooklyn.
But its dozens of stops away from Downtown Brooklyn and a world away from Downtown Manhattan. This is what gentry folks looks for.
Whole city seems to be gentrifying now. I don't think that logic applies anymore. Only areas that are super far or have too many owners will not gentrify.
Harlem is hood, bedstuy is hood, South Bronx is hood. However they are closer to Manhattan vs. Eny and Brownsville. If anything bayridge would have gentrified or even all of Staten Island would have gentrified longtime ago. Transients look for proximity first and foremost more than anything else.
You don't even live here, yet you keep saying it's far.
The majority of residents in Brownsville/ENY who ride the 3 transfer to the 4 anyway at Utica if they're going to Manhattan, and then they'll transfer again at Nevins or Fulton if they need to go up the West-side.
Rockaway avenue in Bedstuy is the same distance from Rockaway avenue in Bville, yet the Bedstuy portion is seeing action.
@HellupinHarlem, exactly. People don't even live here telling us (especially me) how bad and "far" something is, it's crazy. Also, on your housing statement I agree. If anything it'll go up to the areas that the Sutter avenue and Saratoga avenue stations serve. That's where the majority of houses are with little to no NYCHA buildings, and there's some open lot space for buildings. (like Livonia commons)
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