Curbed NY: Fastest-Gentrifying 'Hoods in NYC; Nonprofits Become Condos

Sean McCaughan
August 21, 2014

All the latest real estate and neighborhood news from Curbed NY...

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1) Brooklyn and Harlem: By comparing the median home prices of every neighborhood in the five boroughs from June 2013 to June 2014 and taking the neighborhoods where the property prices increased the most, Crain's has identified the five most quickly gentrifying neighborhoods in New York City. Coming in first place is the super-artsy Bushwick, which is not particularly surprising.

2) Meatpacking District: The future High Line-adjacent home of the Whitney Museum is near completion. The angular, tiered building designed by Italian starchitect Renzo Piano is set to open in 2015. In the meantime, let's just ogle some construction shots.

3) Manhattan, mostly: Manhattan is no longer a place to not make a profit, as dozens of nonprofit organizations are currently proving by selling off their headquarters to developers of luxury housing, sometimes pulling in hundreds of millions of dollars in the process. We put a bunch of them on a map.
· Curbed NY [ny.curbed]