The listing also includes a nifty “artist’s conception” of what the property would look like with a little TLC errrrr…. make that a ton of cash and lots of patience.
Massey Knakal: A 25’x78’ level, partially demolished brownstone, situated at the corner of Clark Street & Monroe Place, in Brooklyn Heights. In May 2008, the City of New York partially demolished the 1852 (circa) 5-story brick & wood walk up apartment building on the grounds of unsafe building conditions. Three rent stabilized tenants on record who are governed by the DHCR were removed from the premises and relocated, due to a vacate order. The three tenants retain occupancy rights; however preliminary settlement papers were drafted for them to permanently vacate.
On May 22nd, 2009, there was a lawsuit commenced against the City of New York’s DOB, Landmarks Preservation Commission, HPD, as well as Ferrco Engineering, A. Russo Wrecking Inc., and Lakhi General Contractor Inc. seeking equitable relief and money damages totaling $18,000,000 plus the recovery of legal fees for the improper demolition of the property. There is significant upside for a buyer to carry out the lawsuit or settle and redevelop the property into a single family or multi-family.