100 Clark Street Hits the Market

100-Clark-Street-0410.jpg
100-Clark-Rendering-0410.jpgIt’s been a while since we’ve heard any news from 100 Clark Street, the building at the corner of Monroe Place that owner Penson Companies let deteriorate until DOB ordered a partial emergency demolition on Memorial Day Weekend 2008 because conditions had become “imminently perilous” at the site. The prevailing theory at the time was that it was all part of a grand plan to rid the building of its three pesky rent stabilized tenants who were paying a combined total of $1,742 per month in rent. The new listing from Stephen Palmese at Massey Knakal notes that the three tenants still retain occupancy rights but that preliminary settlement papers have been drafted. The total buildable square footage is also given as 7,976, along with a disclaimer which probably has something to do with the fact that the building was overbuilt by more than 1,200 square feet before it was torn down and it may not be crystal clear what size it could be rebuilt to. The rendering, at right, gives some sense of what might be possible though. There’s no asking price, just a request for bids. This’ll be interesting.
100 Clark Place Listing [Massey Knakal] GMAP
What’s Up at 100 Clark Street? [Brownstoner]
Emergency Repair at 100 Clark While Court Fight Continues [Brownstoner]
Emergency Demo at 100 Clark Clears Tenants [Brownstoner]
‘Dereliction of Duty’ in Brooklyn Heights [Brownstoner]

By Brownstoner |