Developer Buys Up Trio of Clinton Hill Properties

An unidentified developer purchased two industrial buildings and some vacant land in Clinton Hill, according to public records. The properties in question are the industrial buildings at 16 Lexington Avenue (pictured left) and 313 Grand Avenue (pictured right) and some residential vacant land right next to 16 Lexington Avenue. The whole package cost $6,175,000. The properties are right across the street from one another so it’s possible a development is in the works. The buyers, “Lex Grand Holdings LLC” are based in Williamsburg, but there aren’t any other details beyond that. GMAP
Photos via Property Shark