A long-empty lot in a prime Crown Heights location next to the Franklin Avenue subway stop just sold for $8,265,000. The lot went on the market last November for an unspecified price. Plans have been off-and-on here since 2007, with a few renderings coming out along the way. The most recent permit approved by the DOB was in 2011 for an eight-story, 65-unit building. In any case, this is certainly a valuable location on an up-and-coming corridor. I Love Franklin Avenue, which had a post on the sale, notes that the buyer of the lot shares an address with a Nassau County-based firm called BlueJay Management.
Long-Empty Crown Heights Lot Up for Grabs [Brownstoner]
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