Post Tagged with: "Bedford-Stuyvesant"

Vacant Lefferts Hotel in Bedford-Stuyvesant

Bed-Stuy building owners wait for market rebound

Brooklyn, Economy, Housing, In the News January 18, 2012 at 12:50 pm

Advocates for the homeless have found that Bedford-Stuyvesant in Brooklyn “has the highest density per square mile of vacant property buildings and lots” in New York City. The Brooklyn Ink is reporting that building owners are engaging in the practice of “warehousing,” which involves owners “sitting” on empty properties until housing prices go up for a more profitable sale.

Discount stores in Bed-Stuy

No new jobs from Bed-Stuy gentrificiation

A City Limits report points out that the predominantly African American and West Indian neighborhoods of central Brooklyn have seen the greatest jump in unemployment since the onset of the Great Recession. Unemployment in Bedford-Stuyvesant and the northern slice of Crown Heights has leapt from 6.0% in 2008 to 15.3%Read More