East Harlem, NY

5 small business closed in just 30 days on 104th Street and Lexington avenue.
 

The building of “Glass Spire” (1635 Lexington ave) a luxury condo just across the street. Did not displace one tenant. 

http://streeteasy.com/nyc/building/1635-lexington-avenue-manhattan


But the economic pressure caused by the luxury condo, where apartments are being sold from 500k to  1.1 million, has a ripple effect on the the tenants around it. That economic pressure entices landlords to raise rents to profit off new luxury clientele and leaves many long time small businesses out in the cold. 

Gentrification can take 30 or more years, but in just 30 days, a total of: 
2 Barbershops, 2 discount stores and a Botanica. 
Were forced to find new homes….