While we were out of the country last week, CoStar reported that 37-45 Bridge Street in Dumbo had been sold to Baruch Singer, one of the less popular figures in New York real estate. As you may recall, Singer (a google search for whom turns up numerous references to the word “slumlord”) was wrangling with another pillar of the community, Joshua Guttman, in the wake of the Greenpoint fire last year, arguing that Guttman had illegaly voided his agreement to sell the massive waterfront property to Singer and had seized his $42 million deposit. (Anyone know if this case has been resolved yet?) Anyway, in May Singer paid $13.3 million for the 64,000-square-foot industrial building near the waterfront in Dumbo. According to the CoStar article, Singer already has approved plans to convert the building into 53 apartments. However, there’s no record of this on the DOB website. Things may be getting a little close for comfort on Bridge Street, though, given that Guttman is still plugging away at this problem-plagued conversion just down the block at 53 Bridge. (There’s still a partial Stop Work Order in place because Guttman has failed to pay his outstanding fines.) Ugh. Poor Dumbo.
Brooklyn Building Sells for $13M [CoStar via Brooklyn Enthusiast]
GMAP P*Shark DOB