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A blog for breaking sales and neighborhood real estate news.

A development site at 70 Henry Street, located on the corner of Orange and Henry Streets in Brooklyn Heights, was sold in an all-cash transaction valued at $7,500,000.  

The subject property is an approximately 4,163 square foot corner lot.  It currently consists of a one-story commercial building and benefits from approximately 14,321 as-of-right buildable square feet. The property is located in the Brooklyn Heights Historic District and is subject to Landmarks Approval. The sale price equates to approximately $523 per buildable square feet.

“70 Henry Street presents the rare opportunity to build a new construction luxury residential building in Brooklyn Heights, one of New York City’s premier neighborhoods,” said Massey Knakal’s Stephen P. Palmese, who exclusively handled this transaction.

Click here for press release

Neighborhoods: Brooklyn Heights/ Agents: Stephen Palmese