Waterfront Williamsburg development site asks $17.5M

Previous reports had suggested that a 10,000-sf private residence was coming to the site

TRD New York /
Feb.February 15, 2015 11:00 AM

The holdout owners of three buildings at Kent Avenue and North Seventh Street have finally listed the properties for $17.5 million.

“This is one of the last great pieces of real estate ripe for development,” Max Koshkerman of GFI Realty, who has the exclusive listing, told the New York Daily News. “This gentleman has owned these properties for close to 30 years. Now, he’s gotten to the point where he’s ready to retire and he doesn’t want to take on the project.”

The listing of the buildings, located at 119-123 Kent Avenue, calls into question previously reported plans for a seven-story building. Developer Anthony Fernicola was supposedly behind plans to build 3,000 square feet of commercial space and a massive 9,771-square-foot, single-family residence, featuring an underground garage and an infinity pool, at the site.

According to the Daily News, a new owner could develop a 20,000-square-foot building, or sell the 5,000 feet of air rights included in the listing to another Williasmburg developer. [NYDN] Christopher Cameron


Related Articles

arrow_forward_ios
470 Kent Avenue and Naftali Group’s Miki Naftali (Credit: Google Maps, Gonzalo Marroquin/Patrick McMullan via Getty Images)

Naftali closes on large Williamsburg development site for $100M

Naftali closes on large Williamsburg development site for $100M
84 Putnam Ave and 308 N 7th Street in Brooklyn (Google Maps; 308n7)

Brooklyn luxury home sales remain 80% below last year

Brooklyn luxury home sales remain 80% below last year
46 Cook Street in Brooklyn (Credit: Google Maps)

Williamsburg biz takes 53% more space to meet demand

Williamsburg biz takes 53% more space to meet demand
Prince Realty Advisors founder David E. Ash and 123 Hope Street (Credit: Google Maps)

HUBBNYC buys Williamsburg mixed-use building for $84M

HUBBNYC buys Williamsburg mixed-use building for $84M
The Gretsch at 60 Broadway in Williamsburg. (Credit: Douglas Elliman via StreetEasy)

Williamsburg pad hits market for almost $9M

Williamsburg pad hits market for almost $9M
G4 Capital Partners' Robyn Sorid and Jason Behfarin with 200-206 Kent Avenue in Williamsburg (Credit: G4, LoopNet)G4 Capital Partners' Robyn Sorid and Jason Behfarin with 200-206 Kent Avenue in Williamsburg (Credit: G4, LoopNet)

Hager family lands $84M loan for Williamsburg project

Hager family lands $84M loan for Williamsburg project
34 Union Avenue in Brooklyn (Credit: Google Maps)

Rabsky Group planning another Williamsburg mixed-use project

Rabsky Group planning another Williamsburg mixed-use project
185 S. Fourth St. and Largo co-founder Nicholas Werner (Credit: Google Maps)

Largo buys another Williamsburg rental building for $32M

Largo buys another Williamsburg rental building for $32M
arrow_forward_ios

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

Loading...