29 Ryerson Street and 256-266 Flushing Avenue
A Brooklyn company is in contract to purchase an eight-story warehouse building and adjacent one-story structure in Clinton Hill, a stone’s throw from the Brooklyn Navy Yard, for $26.25 million, and convert it to hotel, retail and offices uses, sources familiar with the transaction said.
The buyer, an entity called Ryerson Equity with an address in Borough Park, plans to acquire the 192,000-square-foot structure at 29 Ryerson Street, as well as the lot next door at 256-266 Flushing Avenue, which includes an 8,070-square-foot building, the sources said. The property belongs to Robert Lewis, who owns the document storage company Total Records Information Management. [more]