Monday, April 28, 2014
Real Estate Monday
I hadn't paid much attention to this sign until a few days ago. 580-582 Fifth, with 47 feet of street frontage, closed in February for $1,653,000 to 580 5th LLC. According to Real Estate Weekly, "the transaction required negotiating the waiver of a tenant’s right of first refusal."
Over on Atlantic, where it seems half the avenue is up for grabs, 472-474 Atlantic (at Nevins) recently went into contract at an unspecified price. The listing price at Massey Knakal was 17 million. This irregularly shaped 16,000 sq. ft. site offers frontage on Atlantic, Pacific & Nevins. I'm sure that a sale here will result in a lost Atlantis. The Super Wash Center will be but a memory.
Still for sale, the Horseman Antiques building, at 351 Atlantic, for $15,900,000. The Halstead listing describes the property as "ideal for a moderate size retailer or possibly redevelopment as it will be delivered vacant." Horseman, which owns the building, has been around on the avenue since 1962.