The Greenpoint War Memorial, dedicated in 1923, is a monument to the over one-hundred residents of Greenpoint who lost their lives fighting in World War I. The Greenpoint Memorial Association commissioned the statue. The group was spearheaded by Peter McGuiness, a famous local for whom McGuiness Boulevard is named.

The statue, which stands at 17 feet tall, depicts a bronze winged Victory holding two symbols of peace, a laurel and palm frond. The granite pedestal the allegorical figure is perched atop is inscribed with French battle sites. The front of the pedestal bears the inscription:

TO THE LIVING AND THE DEAD HEROES OF GREENPOINT WHO FOUGHT IN THE WORLD WAR BECAUSE THEY LOVED AMERICA REVERED ITS IDEALS UNDER GOD AND SUPPORTED ITS INSTITUTIONS AND GAVE THEIR ALL THAT OUR GOVERNMENT SHALL NOT PERISH FROM THE EARTH

Poor lady Victory underwent fairly significant damage over the years. The statue was resurfaced and reset first in 1937. In 1962, an unfortunate accident left the statue scorched during the holiday season after a ring of Christmas Trees around the memorial caught ablaze, know only as the "Christmas Tree Fire." The memorial's palm frond was stolen in 1975, and vandals toppled the winged woman the following year. Luckily, the monument was repaired and reset immediately after her fall. The palm leaf and laurel were replaced and the lady Victory received surface patina, cleaning, and conservation work in 2000.