Talk about a massive flip! This January, the sale of the Jay Street Arts at 201 Water Street building hit public records for $25 million. The buyers had some trouble — with both the DOB and the LPC — getting approvals for a residential conversion and a rooftop addition. So, guess they decided to sell! The same building just hit public records again for $45.5 million. The new buyer is the Silverstone Property Group. They have not filed any building permits since the DOB denied the previous developer’s plans, a design by Karl Fischer that would have added three extra stories. Wonder what’s in store for the building now? UPDATE: We missed this Real Deal article from earlier in May, which reports that Silverstone will bring high-end condos to this building. They are still planning an expansion, which will accomodate 85 to 90 units. Construction should begin in six to nine months and the project should wrap in 2015.
Dumbo Warehouse 39 Jay Street Sells for Big Bucks [Brownstoner]
The Jay Street Arts Building Is Going Residential [Brownstoner]
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Two of Brooklyn’s most influential figures in art and real estate, choreographer Elizabeth Streb and developer Jed Walentas, will discuss the borough’s evolution and the importance of supporting artistic ventures next month at the Brooklyn Historical Society. The MacArthur Genius Award-winning choreographer started the Streb Lab for Action Mechanics (SLAM) in a Williamsburg warehouse in 2003, […]
Brooklyn, one building at a time. Name: Berean Missionary Baptist Church Address: 1635 Bergen Street Cross Streets: Utica and Rochester Avenues Neighborhood: Crown Heights/Weeksville Year Built: 1894 Architectural Style: English Gothic Architect: Benjamin Wright Landmarked: No, but should be The story: On August 11th, 1850, a group of Brooklyn abolitionists got together to found a […]
A tipster sent along these photos of Tripp & Cooper Cafe in Fort Greene, which the city closed Tuesday for operating without a permit. The cafe and coffee shop at 80 Dekalb Avenue, across the street from the Long Island University campus, opened in the fall of 2012. It served crepes, coffee, sandwiches and pastries. […]
Park Slope 526 3rd Street Broker: Brown Harris Stevens Price: $3,995,000 Sunday 12:00 – 1:30 GMAP Greenpoint 78 1/2 Norman Avenue Broker: Corcoran Price: $2,495,000 Sunday 1:00 – 2:30 GMAP Clinton Hill 308 Waverly Avenue Broker: Elliman Price: $2,250,000 Sunday 1:00 – 3:00 GMAP Bed Stuy 165 Lewis Avenue Broker: Corcoran Price: $840,000 Saturday 2:00 […]