In what is likely an act of foreshadowing for the future of the neighborhood, an eastern Bed-Stuy laundromat has sold for $4.3 million in cash. The laundromat at 75 Ralph Avenue between Putnam Avenue and Madison Street will soon give rise to a six-story, 57-apartment building. Census statistics say the building is in one of the poorest areas of the neighborhood, with an 11.8-percent unemployment rate and 17 percent of families living below the poverty line. Meanwhile, Aptsandlofts.com's president is comparing the 'hood to Williamsburg in its early days of gentrification. [DNAinfo]
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