A former laundromat in eastern Bed-Stuy has sold for $4.3 million — a sign that even the neighborhood's lower-income areas are beginning to gentrify, experts say.


The Blue Wave Laundromat will make way for a six-story, 57-unit apartment building, according to city records. The site can take advantage of a specialproperty tax exemption program.

Despite its high price tag, the lot is located in one of the neighborhood's poorest areas, with an 11.8-percent unemployment rate and 17 percent of families living below the poverty line, according to the latest census data.

Via DNAinfo