Councilman Rafael Espinal and his staff at the Bushwick office will be getting a new landlord.
In an ironic twist of fate, an investment firm specializing in value-add real estate purchased the building where Espinal works, meaning that the anti-gentrification councilman will have to coexist with potential gentrifiers of Bushwick.
Cycamore Capital got a shoe in the neighborhood after purchasing its first property there at 786 Knickerbocker Ave. for $1.15 million. The space contains a residential apartment and a duplex commercial area on the ground floor which Espinal’s office currently occupies.
Cover photo via Agorafy



