Real Estate Broker Explains the Visitation Sale and Why Bay Ridge Needs to Watch The Future of This Property
Peter Mancini, a Brooklyn real estate broker, recently wrote about the sale of the Visitation property and why Bay Ridge residents should pay close attention to what happens to this property in the future. Read Mancini’s article here
Mancini mentioned that Brooklyn Community Board 10 (CB 10) will be involved in the changes that take place. This is important because CB 10 has not always made decisions that some residents believe are in the best interest of the community. For example, in April 2021, CB 10 voted to approve the use of the property at 88th Street and 5th Avenue for a school. More than four years later, the property is still unusable because it requires a Brownfield Cleanup. Info: here
I found the beginning of Peter Mancini’s article interesting, but I was disappointed that this real estate expert did not discuss the most important issues facing this property: New York City’s City of Yes zoning changes and the additional changes that NYC Council approved and are scheduled to take effect on January 1, 2027.
A huge housing development on this property could significantly increase the number of people living in the area. That could put additional pressure on local schools, sewers, public transportation, streets, parking and other infrastructure.
Hugs,
marlene
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