The Real Deal New York

Three Boerum Hill properties up for auction next week

July 22, 2011 12:20PM

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From left: 48 3rd Avenue, 46 3rd Avenue and 514 Atlantic Avenue (building credits: PropertyShark)

Three Boerum Hill properties are heading to auction next Thursday, Brownstoner reported. The three properties, at 46 Third Avenue, 48 Third Avenue and 514 Atlantic Avenue are all located near the corner of Atlantic and Third avenues and are owned by a company called Do-Ray 46, Inc.

Public records show the company purchased 46 Third Avenue, a two-story, 2,200-square-foot building with a bar called Hank’s Saloon at the base for $1.1 million in 2006, 48 3rd Avenue, a 1,100-square-foot vacant lot for $660,000 in 2006 and 514 Atlantic Avenue, a three-story 2,280 square food residential building with ground floor retail in 2006 with no price listed. The three properties have a lien of $4.16 million, PropertyShark.com shows.

Brownstoner said the developer behind the name is R&E Brooklyn, which also built the Green House at 93 Nevins Street, and had intended to build a six-story, 12-unit apartment building at the site in 2008. But the community board was opposed to the plan, which exceeded local zoning laws.

The auction is taking place next Thursday in the Kings County Courthouse at 360 Adams Street. [Brownstoner]

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