Change of Hands at 225 Eastern Parkway
225 Eastern Parkway, right at Classon Avenue, is condo development that went on the market in 2005. But a big purchase just turned up on ACRIS for $5,675,000 by the real estate investment firm The Cheshire Group. Someone from the Cheshire Group tells us it is a bulk sale from the prior sponsor; the company…
225 Eastern Parkway, right at Classon Avenue, is condo development that went on the market in 2005. But a big purchase just turned up on ACRIS for $5,675,000 by the real estate investment firm The Cheshire Group. Someone from the Cheshire Group tells us it is a bulk sale from the prior sponsor; the company purchased 57 of the unsold/sponsor apartments. The group plans on renovating and relaunching the apartments as they free up from old tenants, so there won’t be any kind of grand relaunch. GMAP
Does this mean new condos will be coming to the market at 225? If so, does anyone know when?
That corner used to be a sh**hole. Great to see the area improving.
Friends of my parents lived in this apartment house many years ago (rent control days) and I was supposed to get their 6 room place, but the landlord rejected me. I was really disappointed and ended up taking a place two doors away. I had another friend who lived in a 7 room apartment here. Both places were quite large and well laid out. Neither had been renovated, but both were in very good condition at the time. I would have killed for either place.