These "sold" development site banners went up yesterday at 24 First Ave. ... and on its sister property at 99-101 E. Second St. ...
As reported late last month, Sergey Rybak of the South Brooklyn-based Rybak Development was the winning bidder during an auction in February. According to EPIC Commercial Realty, who represented the buyer and the seller, the winning bid was $12.25 million.
So far there's nothing new on file with the DOB for the addresses. The property can be developed with or without the inclusionary housing air rights, providing between an additional 19,000 and 22,000 square feet. No word yet about what Rybeck plans to do with the L-shaped assemblage.
Previously on EV Grieve:
Onetime home of Lucky Cheng's and adjacent property on the development market for $26 million
Building that housed Lucky Cheng's on 1st Avenue now on the auction block
Onetime home of Lucky Cheng's and adjacent property sell for $12 million
No comments:
Post a Comment
Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.
However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.
If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.