Great news! We've finally found the elusive $100,000 Brooklyn condo. The bad news is that it's a little off the beaten path. The complex is called the MeadowWood at Gateway and it's in East New York and was formerly known as Fairfield Towers. Brownstoner reports that nearly 1,000 of the apartments are on the market, priced to move at $100,000-$340,000. The force behind it is Taconic Investment Partners, which is putting $40 million into the renovation. It's a former Mitchell-Lama building, making it the second time this week we've mentioned the affordable housing program, which is losing units to condo conversions and the like. Excellent chance to get ahead of the market.
· Sales Begin at Brooklyn's Biggest Condo Conversion [Brownstoner]
· Lay Off My Lama: Starrett City Puts on Their Rally Caps [Curbed]
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