CPEX Real Estate just listed 2-4 Downing Street, better known as the Broken Angel building, on the market for $4,500,000. They’re marking it as an “amazing conversion opportunity in Clinton Hill” rather than a teardown. Here’s what the listing says:
4 Downing Street is a four-story Old Tenement building. The property comes with approved plans to convert it into an eight-unit building with ground floor duplexes. 8 Downing Street is an approximately 20-by-100-square-foot lot that comes with approved plans to build a four-story, 4,385-square-foot mixed-use building with community facility space on the ground floor and below grade. The price for both properties is $4,500,000. Ownership will consider selling the properties separately.
And here’s a copy of the property setup. The previous owner, Arthur Wood, who turned this building into a towering art project with his wife Cynthia, long battled foreclosure here. Despite word that Arthur would be evicted from Broken Angel, he’s fought pretty hard to stay in the building. We have no idea if he still lives there now. According to public records, the property sold to an LLC named 4-8 Downing Purchaser LLC for $2,050,000 this January. That’s a quick turnaround to put it back on the market; guess they decided they didn’t want to develop.
Eviction Coming for Broken Angel’s Arthur Wood [Brownstoner]