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A blog for breaking sales and neighborhood real estate news.

Massey Knakal’s Special Asset Strategy Group is pleased to announce the sale of a partially demolished brownstone at 100 Clark Street in Brooklyn Heights. The brownstone, taken back through the foreclosure process and sold by the lender with its previous tenancy and liens in place, was sold in an all cash transaction valued at $1,250,000.

In May 2008, the City of New York partially demolished the 1852 five-story walk-up building, located on the south west corner of Clark Street and Monroe Place, on the ground of unsafe building conditions. The lot is approximately 25’x 78’ and contains approximately 7,976 buildable square feet. The property is a prime opportunity for a redevelopment into a single family or multifamily. The sale price equates to $186 per buildable square foot.

Click here for press release

Neighborhoods: Brooklyn Heights/ Agents: Stephen Palmese