Bad news for the fans of the impressive graffiti artwork on the one-story warehouse at 55-57 Pearl Street. The owners of the building will head to the Landmarks Preservation Commission on Tuesday, February 5th with an application to demolish the former garage and construct a new building. This building sold in October for $4,250,000. The lot allows for 24,823 buildable square feet as well as an additional 3,500 buildable square feet from the adjacent property at 177 Water Street. The rendering will be on display at LPC on Friday, February 1st.
Dumbo Lot Sells for $4.25 Million [Brownstoner] GMAP