Lot at 995 President (Between Franklin and Washington) sold for $800k in 2013, now seeks $2.9M

whynot_31

It has a decrepit structure toward the back of the lot that will be torn down by the new owner.

http://www.agorafy.com/listing/101010/995-President-Street-Development-Site-for-Sale

prior sale price:  $800k.   http://www.trulia.com/homes/New_York/Brooklyn/sold/20813271-995-President-St-Brooklyn-NY-11225

whynot_31

Strangely, work has not yet begun on this project.

yesbrooklyn

Did an LLC buy it? I can't tell from the website

mildredpearce

Once or twice in the past year the "lawn" is mowed and tidied up. Haven't seen any other activity than that.

b_funk

@yesbrooklyn yes...995 president development, llc for $2,620,000

whynot_31

https://newyorkdb.com/company/4952137/995-president-development-llc

whynot_31

demolition permit granted, 1/22/2018. http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=1&passjobnumber=321431410&passdocnumber=01

whynot_31

"The 25’ x 131’ site benefits from a total of 11,525 buildable sq. ft., which consist of 9,825 as-of-right buildable sq. ft., plus an additional 1,700 buildable sq. ft. that have been acquired from a neighboring property."

yesbrooklyn

Wow, about how many 1 or 2 bedroom apartments you think? 12?

whynot_31

Sixteen 600 sf apartments = 9600 sf. Put some common space in and we are good to go.