The mixed-use property at 292-294 Atlantic Avenue (which includes the St. Clair Diner on the ground floor) recently sold well above the asking price to Thor Equities, the developer best known for its Coney Island holdings. Massey Knackal put the listing on the market in May for $4 million; it sold for $5,151,250 in December. The property was marketed as “three retail stores, two offices & four apartments.” The listing also noted that the corner retail space could be delivered vacant even though the New St. Clair Restaurant’s lease was good through 2017. (The eatery just got a big makeover in 2007.) According to Property Shark, there’s about 2,000 additional buildable square feet for the developer to play with. It doesn’t look like the development company owns any other sites nearby. We spoke with a worker at the diner (which is not closed) and he said he didn’t know what would be happening. A rep from Thor did not return a call about the sale.
Prime Boerum Hill Buildings on the Market [Brownstoner] GMAP
Grocery mogul John Catsimatidis’ real estate firm Red Apple Group has released renderings for 180 Myrtle Avenue, one of at least three large developments, all clustered together, it is building in Fort Greene. NY YIMBY found the renderings, designed by Dattner Architects. The renderings show a large, boxy building whose design elements are formed by intersecting rectangles of […]
A new boutique condo development has hit the market at 1329 East 17th Street in Midwood, with one-bedrooms starting at $399,000. The Graystone has “one bedrooms plus home offices,” according to the Aptsandlofts listing. There are currently five units on the market at the six-story building, which has a common roof deck. Each apartment is about 815 […]
Real estate investment firm LIVWRK Holdings is in contract to buy an industrial building in Red hook for $21,500,000, which it plans to convert into offices and “creative spaces,” The Real Deal reported. The renovated property should be ready for move-in by mid-2015, the firm estimated. Located right at the entrance to the Brooklyn Battery […]
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