Fort Greene compound with development potential hits market for $9M

TRD New York /
May.May 16, 2013 02:30 PM

Developers, take note. A non-landmarked, block-through Fort Greene assemblage, which can be developed into 38,000 buildable square feet, has hit the market for $9 million, the New York Daily News reported.

Artist Marc Lambrechts is the owner of the site, which includes a main house, a carriage house, four garages and three backyards.

Vicki Negron and Paul Murphy of the Corcoran Group have the listing.

“It’s an investment with rental apartments, [a] place to live with a great backyard or a highly marketable site,” Negron told the Daily News.

Since the property is not landmarked, “a serious property could be built here,” she added.

The site also has a history dating back to the Civil War, and preservationists see potential demolition as a tragedy.

“A huge loss occurs anytime an historic property is demolished for development,” Simeon Bankoff, the executive director of the nonprofit Historic Districts Council, told the paper. “Put a glass box or a stucco building and you take away that great Fort Greene character.”

Units in the main and carriage houses are currently rented. [NYDN]Zachary Kussin

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