Mystery at State and Hicks
It seems strange to us that a lot would be lying fallow in the most prime (primest?) neighborhood in Brooklyn. Can someone who lives near this corner of State and Hicks in Brooklyn Heights shed some light onto this property’s status? A contested inheritance? A sacred burial ground? Waddup? GMAP
It seems strange to us that a lot would be lying fallow in the most prime (primest?) neighborhood in Brooklyn. Can someone who lives near this corner of State and Hicks in Brooklyn Heights shed some light onto this property’s status? A contested inheritance? A sacred burial ground? Waddup? GMAP
Don’t live in the Heights…but what is the monthly rental for an outdoor parking spot? How about a garage?
Thanks.
That may change soon if the price is right. That’s all I can say and no, I’m not the owner (I wish I was ;).
I agree. Because there is the Ratner-esque, “build it and they will come” forcing-it-on-people approach to real estate development, and then there is the philosophy that time and again actually makes a developer money which is some shrewd person noticing the characteristics of a neighborhood and the habits of its residents and their unfulfilled needs – and then filling that need and being the first to do so.
Nice. As an investor, you have to love this site! The info is incredible!
Are there ordinances against building parking garages with multiple floors? I just wonder if there is, because it does seem it would be a better income source than an apartment building or condo bldg in some neighborhoods. Like Bay Ridge; the rents are not that high out there, relative to the rest of the city. A landowner could make so much more money on a multi-level parking garage because Bay Ridge has THE worst parking situation I’ve ever seen (I was in an apt there for a year when I first moved to NYC 3 years ago). Everyone out there owns a car because stores are more spread out, and it’s just far enough from the city that people want to have a car. And yet there are no paid parking lots anywhere out there. None. It’s absurd. If I had extra money I wanted to invest to create some kind of steady income producing endeavor, I would totally build a large parking deck with monthly and daily rates in Bay Ridge.
Consider that the parking garage on Love Lane is allegedly going condo (to close in July) means that parking is going to be at a MAJOR premium in the Heights.
With parking prices headed up and home prices going down, the owner might think twice before putting a building up in that lot.
i think the plans are that it will remain a parking lot. I believe it’s owned by the person who owns the building next to it (on state st.)…
It was a parking lot for years, It would appear that the fact it’s empty in the foto may mean something is up