Gentrification Watch: Navy Yard Lounge

Is the neighborhood known as Wallabout finally getting so upscale that it can't sustain the tatty Navy Yard Cocktail Lounge? New York's Grub Street says the building in which the favorite of local thrillseekers is housed has been placed on the market as part of a $3 million offering, which sounds a little steep to us, but Curbed has been calling the gritty Brooklyn nabe the "new Dumbo" since 2007, and it's got condos and a nice new Italian restaurant, so who knows. Certainly if the building does go, the new owners won't want such a scruffy flagship representing it on Flushing Avenue.


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