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

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


Related Articles

arrow_forward_ios
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)
Welcome to Queens: Corcoran opens first borough outpost
Welcome to Queens: Corcoran opens first borough outpost
Corcoran CEO & President Pamela Liebman (Credit: iStock)
Corcoran begins new lead-gen push via Facebook ads
Corcoran begins new lead-gen push via Facebook ads
Ryan Serhant and Brown Harris Stevens' Brad Loe and Steven James (Serhant; VHT Studios)
What brokerage holiday parties reveal about their hosts
What brokerage holiday parties reveal about their hosts
From left: Corcoran's Steve Belluomini, Pam Liebman, Michael Mahon and Randall Kostick (Corcoran, Getty)
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran Global Living's Michael Mahon (Corcoran, Getty)
Turmoil at Corcoran Global Living: CEO accused of fraud
Turmoil at Corcoran Global Living: CEO accused of fraud
Michael Mahon (Corcoran, Getty)
Corcoran shopping its biggest franchise
Corcoran shopping its biggest franchise
From left: Jared Barnett, Eugene Litvak, and Ryan Kaplan (HIG, Compass, Design recipes, Getty)
In home sales, cash was king. Now it’s God
In home sales, cash was king. Now it’s God
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...