Much like its hip neighbor Williamsburg, Greenpoint has been undergoing a rapid transformation over the last several years, spurred by a surge in residential development.
The diverse Brooklyn neighborhood is home to large population of Polish-Americans, and the area is known for its excellent Polish bakeries and Eastern European eateries.
While Greenpoint’s gentrification hasn’t reached the level of Williamsburg (yet), the changes are undeniable.
As the family-centric neighborhood has seen a boom in its population, more art galleries and studios have taken over former warehouses, and trendy eateries and coffee houses have popped up along Greenpoint Avenue.
Greenpoint also offers an eclectic array of nightlife opportunities that stray from the more trodden hipster path found in Williamsburg.
In Greenpoint, developers and homebuyers have found a spot with the same “vibe” as Williamsburg but with more space. The streets aren’t overcrowded and the area still feels like a neighborhood — a nice, quiet place to call home. Greenpoint has its own waterfront and dazzling views of Manhattan, as well as close proximity to mass transit for commuters.
Greenpoint’s only Achilles’ heel could be the impending shutdown of the L-train in 2019 for tunnel repairs from Hurricane Sandy. While the MTA hasn’t as of yet revealed its travel alternatives, there’s apt to be some headaches involved.
Still, savvy buyers could seize this opportunity to take advantage of the falling home prices, knowing that the shutdown is a temporary frustration (the shutdown is scheduled to last 18 months, and possibly even less than that).
Here’s a brief round up of what a budget of under $2 million buys you in Greenpoint:
1. 50 Greenpoint
The residences come pre-wired for Verizon FiOS, have a washer and dryer in-unit, and feature high efficiency heating and cooling systems by Daikin.
Amenities include: a pet spa, on-site parking, a package room and a resident’s lounge.
Pricing starts at $699,000.
2. Greenpoint 282
Greenpoint 282, by Legion Investment Group, is located at 282 Nassau Street just a few blocks from McGolrick Park. It houses 21 units that range in size from 793 square feet to 1,565 square feet. The unique homes are available in one-bedroom, two-bedroom, and loft-like duplex floorplans.
Each residence features high ceilings, oversized windows, hardwood floors, an in-home Bosch washer/dryer, Nest-brand smart thermostats and a suite of high-end stainless steel appliances from Miele and Bosch.
Amenities include: most homes also offer private outdoor space.
Pricing starts at $795,000.
3. The Greenpoint
Located at 21 India Street on the waterfront, The Greenpoint houses a total of 95 units, ranging in size from 723 square feet to 1,443 square feet. It is being developed by Palin Enterprises, Mack Real Estate Group and Urban Development Partners.
The thoughtfully-designed one- to three bedroom residences offer spectacular city views, open living spaces and an abundance of natural light. The NYC Ferry is a short walk away, providing easy access to Midtown and Downtown Manhattan, as well as Williamsburg and Long Island City.
Amenities include: on-site parking, a basketball court, sun deck and a yoga studio.
Pricing starts at $1.1 million.
4. 96 Clay Street
96 Clay Street was developed by Urban View and houses 8 units, ranging from 1,134 square feet to 1,293 square feet. The open living spaces feature modern design touches and some homes also include balconies or terraces.
Residences have multizone air conditioning, stainless steel appliances and in-unit washers and dryers.
Amenities include: rooftop deck and on-site garage.
Pricing starts at $1.3 million.
5. 170 and 174 West
Developed by HML Developments, 170 and 174 West house 15 units, ranging in size from 1,72 square feet to 1,347 square feet. Each building features unmistakable brick facades and superb attention to fine details.
170 West features two-bedroom, two-bath homes, a double-height studio loft, a duplex maisonette with a backyard, and two penthouse duplexes with sweeping city views.
174 West features five floor-through homes with private keyed elevator entry — three-bedroom, two-bath homes, a triplex maisonette with an oversized backyard. There is also a four-bedroom duplex penthouse with an expansive terrace and unobstructed Manhattan Views.
Amenities include: a virtual doorman, a package room and private storage.
Pricing starts at $1.9 million.