Hedge Funder Pays $8.85 Million for Williamsburg Factory, Plans House
Hedge fund CEO Harsh Padia has snagged a big one-story factory at 67 Havemeyer Street in Williamsburg for $8,850,000, according to public records. The 50-by-140 foot lot could accommodate a residential building as large as six stories and 23,760 square feet under the current zoning, according to PropertyShark. Instead, Padia is planning a four-story, one-family house, according to new building…
Hedge fund CEO Harsh Padia has snagged a big one-story factory at 67 Havemeyer Street in Williamsburg for $8,850,000, according to public records. The 50-by-140 foot lot could accommodate a residential building as large as six stories and 23,760 square feet under the current zoning, according to PropertyShark. Instead, Padia is planning a four-story, one-family house, according to new building applications filed earlier this month.
The DOB disapproved plans for the 2,600-square-foot house yesterday, and demolition permits have not yet been filed to knock down the existing building, which is home to a printing company. The site is L-shaped and sits at the corner of Havemeyer and North 6th, less than a block from the BQE.
Padia is the head of hedge fund HAP Capital, and his wife, Purvi Padia, is an interior designer. If the plans go through, we expect they will have some very nice outdoor space on this big lot. The applicant of record is Schneider Associates. This will be an interesting one to watch.
Photo by Christopher Bride for PropertyShark
This is like that Onion article. Or is this an Onion article?
http://www.theonion.com/articles/report-nations-gentrified-neighborhoods-threatened,2419/
I agree with all, something’s off about this story. And, randomly, the interior decorating looks like an expensive version of the Home Goods store come to life.
LIKE A BOSS!
I think there’s a lot subdivision going on – either that or it’s already multiple tax lots. If you look closely at the PW-1 it describes a 20×40 building on a 20×50 corner lot.
it makes perfect sense if you’re a CEO of a hedge fund.