Friday, February 18, 2011

Coney Island: Here Come the Beachfront Condos

Posted By on Fri, Feb 18, 2011 at 3:47 PM

  • Photo © Bruce Handy via Amusing the Zilllion
For $1.55 million, you can buy the penthouse condo in the private waterfront building currently under construction on the Coney Island boardwalk. The structure will contain the first private condos (11 of them) on the Coney Island waterfront, Amusing the Zillion reports, going up on a long-empty lot that once housed a knish joint and a bathhouse.

They won't exactly be in the nicest part of town: the construction site is on West 32nd Street, with the ocean on one side and Coney Island Houses on the other, almost a mile west of Nathan's Famous.

While these luxury units, expected to be finished by summer, are the area's first private beachfront condos, they certainly won't be the last. Taconic Investment Partners, a major Coney landowner and developer who avoided Thor's demonization by staying out of the amusement area, plans similar apartments on about four blocks of land it owns west of MCU Park, nee Keyspan Park. The city's plan for Coney Island includes 5,000 new units of housing in 26 new residential towers.

It makes you wonder if that amusement park thing is just a diversion.

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