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March 23, 2009
Bushwick Warehouse Trades for $14 Million
A 80,000-square-foot building in the far reaches of Bushwick changed hands earlier this month for a cool $14,000,000 according to StreetEasy. The purchase price for the one-story warehouse at 1247 Grand Street comes out to $174 per existing square foot and about $75 per buildable foot. We called one of the companies partnering to make the purchase and, because of a bit of a language barrier, weren't able to discern exactly what their plans for the property are. It didn't sound like they had any imminent development plans though. GMAP P*Shark
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Comments
it's always nice to see a warehouse stay just a warehouse, not a 'development site'
Posted by: denton at March 23, 2009 3:44 PM
That's a great place for a meth lab, out of the way inconspicuous, mazltov to the new owners.
Posted by: Xander Crews at March 23, 2009 5:00 PM
Most likely this is zoned manufacting (M-1) so not much development potential.
Posted by: JoeBushwick at March 23, 2009 5:50 PM
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