Great moments in real estate
Been meaning to post this for a while. These are neighboring buildings at the intersection of Smith St and Atlantic Av in Brooklyn (40 41’19.2″ N, 73 59’21.6″ W, says the iPhone). The building on the left is a “luxury” high-rise, advertising “prime retail” on the ground floor. The building on the right is a city jail. It was out of use from 2003 to 2008, but the city is gradually filling it up again. One can’t say the same of the condo, which is all empty. It’s one of the disastrous properties developed by Shaya Boymelgreen, one of the more spectacular failures from the bubble years. Apparently the hope was that the city would turn the jail into condos too, but that didn’t happen. Maybe they can turn the condos into a jail!