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Jeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”Wells Fargo to take a $60M loss on 13-story office tower in SFWells Fargo to take a $60M loss on 13-story office tower in SFFirst look inside Transamerica Pyramid’s tenant-only spacesFirst look inside Transamerica Pyramid’s tenant-only spacesMAP: Where certain foreign buyers will be banned from buying South Florida real estateMAP: Where certain foreign buyers will be banned from buying South Florida real estate
New York

Offbeat Victorian house in Brooklyn slated to become rentals

A Brooklyn developer wants to tear down a battered, fantastical three-story Victorian house in Flatbush to build a 50-unit high-end rental building.

The 111-year-old Herman Raub-built brownstone at (coincidentally) 111 Clarkson Avenue sold last month for $2.68 million. The painted ceilings, stained glass windows and vast fireplaces remain unchanged. Although the house is not landmarked, preservationists were pushing for new development that would not require demolition. Adam Glassman of Glass Capital Ventures and Property Buyers Group brokered the deal.

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“The house could be salvaged but [would need] at least $1 million in rehab and financially it won’t make sense,” Glassman told Brownstoner. The identity of the developer is unknown. [Brownstoner] — Mark Maurer

Tags
Brownstone BrooklynFlatbush

TRENDING

Jeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”Wells Fargo to take a $60M loss on 13-story office tower in SFWells Fargo to take a $60M loss on 13-story office tower in SFFirst look inside Transamerica Pyramid’s tenant-only spacesFirst look inside Transamerica Pyramid’s tenant-only spacesMAP: Where certain foreign buyers will be banned from buying South Florida real estateMAP: Where certain foreign buyers will be banned from buying South Florida real estate
New York

Offbeat Victorian house in Brooklyn slated to become rentals

A Brooklyn developer wants to tear down a battered, fantastical three-story Victorian house in Flatbush to build a 50-unit high-end rental building.

The 111-year-old Herman Raub-built brownstone at (coincidentally) 111 Clarkson Avenue sold last month for $2.68 million. The painted ceilings, stained glass windows and vast fireplaces remain unchanged. Although the house is not landmarked, preservationists were pushing for new development that would not require demolition. Adam Glassman of Glass Capital Ventures and Property Buyers Group brokered the deal.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“The house could be salvaged but [would need] at least $1 million in rehab and financially it won’t make sense,” Glassman told Brownstoner. The identity of the developer is unknown. [Brownstoner] — Mark Maurer

Tags
Brownstone BrooklynFlatbush