Price Tag for 30 Henry Street? $3.5 Mil

We’ve known for a long time that a Dumbo-based developer purchased 30 Henry Street in Brooklyn Heights, also known as the Brooklyn Eagle building, and has plans to redevelop the property that have already been approved by the Landmarks Preservation Commission. What was not known until brokerage Massey Knakal sent out a press release today was how much the property’s new owner paid. Via the press release: “[We are] pleased to announce that a historic district development site located at 30 Henry Street has sold for $3,500,000 or $209 per buildable square foot. The subject property is a development site located on the corner of Henry Street & Middagh Street. The site is located in a R7-1 zone w/ a C1-5 overlay, allowing for a total of 16,740 buildable SF.” The asking price was $3 million.
LPC Designates Bank, OKs 30 Henry Street Design [Brownstoner]
30 Henry Application Returns to Landmarks Tomorrow [Brownstoner]
No Decision From LPC on 30 Henry Build [Brownstoner]
Renderings Revealed for 30 Henry Street [Brownstoner]
30 Henry Street Chasing a Waterfall [Brownstoner]
Brooklyn Eagle Building on the Market [Brownstoner] GMAP

7 Comment

  • Will be worthless once they build the bike-share station across the street.

  • Why they did not propose four new townhouses with a private driveway at the back is beyond me. Those babies would go for 4.5 million each if properly done.

  • Somewhere else in the heights but not this corner. Too busy, restaurants to the left and fire station to the right, and no backyard. But they could have done a better multifamily, that’s for sure.

  • Yes, the fire station is a bit of an issue but in a crowded city, it’s always something. The 50-foot height limit is a real bear for multi-family it means squeezing in five floors within fifty feet -that means lowish ceiling height and first floor units that are right on eye-level. A townhouse with a traditional half-sunken garden level set back behind an areaway is a much better way to utilize the fifty foot height, which the grandees of Brooklyn Heights imposed specifically to discourage apartment buildings. Instead, it just means apartment buildings of a lower quality.

  • Townhouses would have sold — there are co-op townhouses right across the street and those people are thrilled with the location…

  • They’re certainly not $4.5 million townhouses though. Or nearly as expensive as some of the 20 Henry apartments.

  • Not that expensive, but getting up there — they only have two bedrooms. They hardly come up for sale, but one just sold for I think 1.5 million and the one before that was 1.0 million.