Atlantic Avenue Development Site Going, Going…
Brooklyn Streets, Carroll Gardens reports that a sweet little chunk of real estate fronting Atlantic Avenue and Pacific Street is set to be auctioned off on Valentine’s Day (the perfect gift for the developer in your life?). The auction consists of five contiguous parcels between Smith and Boerum Place; the largest of the parcels is…
Brooklyn Streets, Carroll Gardens reports that a sweet little chunk of real estate fronting Atlantic Avenue and Pacific Street is set to be auctioned off on Valentine’s Day (the perfect gift for the developer in your life?). The auction consists of five contiguous parcels between Smith and Boerum Place; the largest of the parcels is the parking lot fronting Atlantic, above, which is right next door to the 66-unit development planned for 252 Atlantic. The parcels fronting Pacific Street, meanwhile, are directly across the street from the 12-story tower slated for 262 Pacific. All together, the package consists of about 80,000 square feet of developable space, and the zoning allows for a residential-retail mix. Anyone care to guess how much this might fetch?
Brooklyn Streets, Carroll Gardens [BSCG] GMAP
Valentine [Curbed]
Not only does the the building across the street look unmistakably like a jail. It looks like an ugly, decrepit jail. And you can see figures behind the glass block or wahtever it is at night. It is the very model of an old, beat-up, crowded, nightmare House of Detention.
The jail has a door through which released criminals will walk penniless back into Brooklyn society. Just sayin’–I don’t want my luxury apartment to be the first thing that an ex-con sees through that door, shining like a golden beacon.
i negotiated for most of this parcel 3 years ago i was ready to pay for 120 a buildable foot as of right. i dont know exactly what the as of right far is but you can rest assure that it will fetch between 175-225 a buildable foot. and by the way the banks will line up to finance it
Really??????!!!! Who motherfucker??!! Banks need capital right now and they are running away from clusterfucks like this. Nice going Brownstoner, assfuck!
The What
Some day this war is gonna end….
i negotiated for most of this parcel 3 years ago i was ready to pay for 120 a buildable foot as of right. i dont know exactly what the as of right far is but you can rest assure that it will fetch between 175-225 a buildable foot. and by the way the banks will line up to finance it
We live in Brooklyn NY,
you people should be more worried about the smarter criminals walking the streets that havent been caught yet…….As far as the retail space that might open up on the ground floor-maybe thats where the Apple store will settle…that would be jailarious
what happens if a prisoner digs a tunnel out to my patio?
$250/FAR ft? thats nuts
Maybe $160-170/FAR ft
If its 80k sqft= $12.8-$13.6
irregular site less $
Where are the going to get the money for development???!!! Who is going to fry their money in this shit??!!! Why you think there are going the auction route??!!! They are stuck with that shit and don’t want to assraped!!!! Those lot will be lots for years and years. Plus plenty of development sites will not get finished. They will sit like that for years to come. It’s a damn shame, money being wasted.
The What
Someday this war is gonna end…
$13M – $15M; I’d say the lower end of the range. $25M is delusional.