Tuesday, February 26, 2008

Gowanus Village Site is on the Market Again

The Gowanus Village, which is across the Gowanus Canal from the Toll Brothers development site, is on the market. The property is being marketed by Massey Knakal. The Brooklyn Daily Eagle reported the asking price is $27 million. Developer Shaya Boymelgreen has apparently been out of the picture for some time. Here's some detail:
Boymelgreen, however, has not been a player for some time, according to Paula Ingram of Ingram & Hebron Realty (I&H), having split with partners Africa Israel Investments and Isaac Katan of The Katan Group some months ago. I&H had handled the original sale of the properties to Boymelgreen in 2004 and remains a factor in the current marketing effort, which is being handled by Ken Freeman of Massey Knakal Realty Services Brooklyn in an exclusive arrangement but “in co-agreement with Ingram & Hebron.”
There is a photo gallery of the site over at Curbed.



Anonymous Anonymous said...

Oh, is that what that area is all about. I have always LOVED that red brick building capped with tags and always wanted to live in it. Suppose it will get destroyed...I wish I could go inside. Be nice if someone saw how cool that building could be all renovated...but, most have no eyes to see with.

4:58 PM  
Anonymous Anonymous said...

Why develop when you can make more money selling?

This property was sold in the early nineties and the new owner collected thousands in non-refundable deposits from interested buyers and then finally sold to Boymelgreen (for $11m?) who is now selling again.

Possibly someone will buy without doing the reasearch to discover the property's power-generation history (and site contamination).

1:26 PM  

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