Six penthouses at One Hanson Place to be auctioned off

TRD New York /
Apr.April 14, 2011 12:08 PM

Six unsold penthouses at One Hanson Place, the 37-story Fort Greene tower formerly known as the Williamsburgh Savings Bank, are going to be auctioned off on May 15. According to the Wall Street Journal, the sale should net the development team Canyon-Johnson, of which basketball legend “Magic” Johnson is a partner, substantially more than $10 million. One apartment, a four-bedroom duplex unit with a 2,900-square-foot terrace was recently listed for $5.8 million, while the remaining five full-floor units were each listed for at least $3.7 million. Canyon Johnson acquired the building from HSBC Holdings in 2005, and began putting the 179 apartments on the market in 2006, and all but the aforementioned six units sold. The developers told the Journal that they wanted to unload the remaining units quickly so that they can move on. “There is no reason not to find market-clearing prices and sell these apartments,” said Maria Stamolis, a managing director with the firm. [WSJ]

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