Clinton Hill Artist Studio Plus Empty Lot for Sale as Development Site for $6 Million
A three-lot parcel at 313-317 Vanderbilt Avenue in Fort Greene Clinton Hill that last traded for $3,000,000 in 2008 is for sale as a development site. The new price is $6,000,000. We’ve written about this site many times over the years. The 20th century brick building that occupies two of the three lots was built as…
A three-lot parcel at 313-317 Vanderbilt Avenue in Fort Greene Clinton Hill that last traded for $3,000,000 in 2008 is for sale as a development site. The new price is $6,000,000.
We’ve written about this site many times over the years. The 20th century brick building that occupies two of the three lots was built as a headquarters for the Candy and Confecioners Workers Local 452 and later housed the Medgar Evers Headstart program. In 2008, an LLC named Jb Artist Studios LLC bought it for use as an artists’ studio. Massey Knakal is repping the owner in the sale.
The property is plenty roomy with a total of 10,532 square feet, but whatever gets built will be relatively low rise. The empty lot, 313 Vanderbilt, is 22.25 feet wide by 85 feet deep with 3,782 buildable square feet in an R6B zoning district.
Think the value of the property has doubled in six years?
313-317 Listing [Massey Knakal] GMAP
Development Watch: 315 Vanderbilt Avenue [Brownstoner]
Photo by Christopher Bride for PropertyShark
It is a shame that this magnificent property is being marketed as a development site.
It is a stunningly renovated one family artists live / work space and should be marketed as the luxury one family residence that it is. It was on a Clinton Hill house tour not so long ago.
The last seller sold it because the area was rezoned, so made it less attractive as a development site in a Landmark District. Hopefully the seller will see that it is worth more as a luxury One Family residence than as a development site sooner rather than too late.
It is currently taxed as an office, probably because no one changed the tax class after the new C of O was obtained, the taxes should be lower than they currently are.
and sorry for the misspellings.
For what sits worth, Actually on the Clinton Hill side of Vanderbilt