The troubled development site known as Carlton Mews in Fort Greene changed hands in the last weeks of the year for a price of $5,756,240. (The official transfer is posted on the jump.) The property, which was made up of three separate parcels of land (and included a former church), was originally going to be a new townhouse development into the real estate slide made it unfinanceable. Then it was going to be the site of Brooklyn CoHousing’s experiment at group development, but that also fell apart due to financial realities. Now the site, which runs through the block from Carlton to Adelphi Avenues between Dekalb and Willoughby Avenues, has a new Yonkers-based owner by the name of Sprain Brooklyn Realty. Interestingly, Sprain Brook shares a CEO with Hudson Valley Bank, which was the lender on the property (to the tune of $8,650,000), suggesting that this is some kind of foreclosure in a purchase’s clothing. We’ve got no idea what the plans for it are now. Anyone know?
Carlton Mews Cleans Up [Brownstoner] GMAP
Carlton Mews Back on Track [Brownstoner]
Carlton Mews Back to the Drawing Board [Brownstoner]

Carlton News Sale