What Price Admirals Row? $2 Million


The deed for Admirals Row was recorded in pubic records yesterday, and it reveals that the city paid $2 million to “The United States of America” for the 6-acre site, which has an official address of 2 Wallabout Street. The deed also contained a couple other interesting tidbits. For one, it documents that one of the buildings on the site, #198, was demolished in December 2010 (it’s pictured above) and that some soil with high levels of PCB had to be removed from where the building stood; it also says that construction debris containing asbestos was removed from the area north of the Timber Shed last May. Not surprising, but the two pieces of information bring to mind that the developing the site will involve a not-inconsiderable level of environmental remediation. The other noteworthy thing included in the deed is a diagram of all the Admiral’s Row buildings; click through to see it.
Shedding a Final Tear for Admirals Row [Brownstoner]
Transfer of Admirals Row to City a Done Deal [Brownstoner]

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