Bunny Mellon’s Mansion Sells for $37M; East New York Focuses on Affordable Development to Stop Gentrification

Posted On Wed, January 28, 2015 By

Posted On Wed, January 28, 2015 By In Real Estate Wire

  • Netscape co-founder James Clark has scooped up Bunny Mellon’s incredible Upper East Side mansion for $37 million. [TRD]
  • As a way to “cushion against gentrification” in East New York, the city is vying to reserve the area for up to 7,000 affordable housing units. [DNA Info]
  • Trump Soho may turn its condo component into hotel rooms. [Bloomberg]
  • A Crown Heights gas station has sold for a whopping $32 million. A eight-story condo is planned for the site. [Brownstoner]
  • Brooklynites are making their way up to the Catskills, bringing with them craft bars, cool inns, and the dream of radically changing their lives. Get ready for the Times to write it up as the “next Brooklyn“. It’s already made their list of top places to visit. [The Daily Beast]

Images: The Bunny Mellon mansion (L); The proposed re-zoning of East New York (R)

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