Thursday, February 21, 2008

The High Price of Chocolate in Williamsburg

It's unclear what's up with the future of the Manhattan Chocolate property at 568 Union Avenue in Williamsburg, but we know that it was sold for $20 million a couple of weeks ago. Yesterday, we noted the sale on Curbed. City records confirm a transfer from McCarren Estates LLC to 568 Union LLC. The previous sale price for the property was $1.3 million, which makes it quite the lucrative flip, at the very least. Interestingly the address for the buyer is a Long Island rental development firm that also operates a golf course. Perhaps the new buyer will be able to spring for a new fence around the property?



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