Part of Old Crown Heights Brewery Site Sells for $17.5 Million

The sale of the big Nassau Brewery site at 608-614 Franklin Avenue in Crown Heights closed last week. The buyer, an LLC named 608 Franklin Avenue, paid $17,500,000, or $231 per buildable square foot, The Real Deal reported.

The site, which was part of the Nassau Brewery, measures 21,929 square feet, and the developer could potentially put up a 100,875 square foot apartment building without seeking a variance, if it includes affordable units, said the story. It contains four buildings but not the actual brewery, which owner Fabian Friedland is developing into apartments.

The ask was $18,000,000, and TerraCRG brokered the deal.

Crown Heights Development Site Bought for $17.5 Million [TRD]

2 Comment

  • any news on brownstoner is at least a day old now. i’m not saying that trying to be a jerk, just want to see original news that i didn’t read on the real deal already. brownstoner really isn’t what it used to be.

    • Thanks, no-permits. Our early morning stories are usually reblogs, just as they always have been. Nothing has changed. We could have written this story up yesterday afternoon as a Closing Bell, but because we had already reported this site was in contract to be sold, we decided to go with the more interesting and timely rumor about Trader Joe’s instead. So we saved this story for this morning.