Episode Details

Lighthouse Point in Staten Island is finally open—and developers are selling the 115-unit apartment building for $45 million, already 95% leased. The city owns the land, so buyers must pay rent until 2114. Construction began in 2016 but stalled due to bankruptcy, lawsuits, and the pandemic, delaying completion by years. The 13-story tower includes 30 affordable units, a tech incubator, gym, and parking garage, part of a larger waterfront revitalization effort that’s still in early stages—no hotels or new shops built yet. Developers are cashing in now while the rest of the vision remains on hold.

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