I Want Candy? 20 Henry Condos At Last Hit The Market

The condo project at 20 Henry Street is at last hitting the marketplace after years of delays. Final polishes are taking place at the former Peaks Mason Mints building, known as the Candy Factory, with asking prices between $450,000 and $2.56 million for studios up to 4 bedrooms. The building includes 24 lofts (six of them penthouse units, at $2+ million), with an additional 14 units in an adjacent modern structure on Poplar Street scheduled to wrap by summer.

An article in today’s Wall Street Journal reminds us of the building’s history: The former industrial space was built in 1885 as the base of candy makers Mason Mints and Mason Dots. In the 1970s, it became housing for artists under the state’s Mitchell-Lama subsidized-housing program.

Artists lived in studios there until the program ended in 2004. Developers Urban Realty Partners bought the site in 2007, but weren’t able to finish a conversion to condos after the imminent financial crisis. Los Angeles-based Canyon-Johnson Urban Fund stepped in and took over the project in 2010, alongside plenty of legal drama.

When plans were first announced that the factory was slated to become a condo development, the Brooklyn Heights Assn. wanted 20 Henry’s garden to remain open space, the WSJ adds—which is now the site of the new 14-unit modern building. BHA executive director Judy Stanton says she still prefers the garden to the new building, but is glad the factory is finally ready for new homeowners: “I’m sure it will attract families.”

Brokerage firm Stribling & Associates is marketing the project, and says that 20 Henry St. already has an 800-applicant waiting list.

(Photos: Wall Street Journal)

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  • AEB

    Not of great moment, but I’m wondering if the building’s exterior will be cleaned–does anybody know?

    I note that the word Peaks on the building’s west side has been repainted, so it looks like the answer is no….

  • David on Middagh

    AEB, the latest owners took the building to Antiques Roadshow Cleveland, which advised them not to touch the patina.

  • EHinBH

    It’s looking great. I cant believe there is an 800-person wait list though. In any event, I think these will sell fast.

  • AEB

    Thanks, David. Brought it in a shopping cart?

  • resident

    A good number of those 800 could have simply been gawkers interested to see what the price points would be. While I’m not one of those 800, I’ve been curious for a while what they would be asking. It seems like they’ve held back for longer than normal before actively marketing the building after the restart.

  • Karl Junkersfeld

    I looked at the model apartment and the three bedroom is really a two. I hate when they break up a normal sized bedroom into two just for marketing purposes. The one bedroom, only in the Poplar Building, has an ask of around $655K for a little more than 750 square feet. A lot of money if you ask me. This neighborhood really has premium price points. Also saw a one bedroom on Clinton and Montague rental and they wanted $3900 for a very poor apartment in my opinion. The floors looked like laminate to me.

    Still think that One Brooklyn (360 Furman) is the best deal in the neighborhood as far as finishes.

  • Karl Junkersfeld

    After reading this article in today’s NYTimes, I guess my perspective on what rents can be commanded in today’s market is way off base. Rent stabilization can do that to one.


  • Heather

    This depresses me. I lived in this building for over seven years when it was the only affordable housing in the Heights as a Mitchell Lama rental and fought tooth and nail to stay… attorneys fees galore later, we eventually all relocated and it was really sad.

    I was really hoping that the burial ground beneath the building, and the ghosts we lived with there – made for funny stories and made the walls and floorboards creek (no joke) – would not allow progress to ever happen given how they displaced all of us middle income dwellers there. I guess we will see.

  • David on Middagh

    I always wondered why the evicted residents chose to fight in court. It seemed as if the owners had lived up to their end of the bargain (to provide reasonably-priced housing for a stated period of years). While I wish you all had been allowed to stay on under the expired terms, and I certainly lament the loss of the adjoining garden area to build yet more expensive housing, even at the time there didn’t seem to be any compelling legal argument in your favor. What did the lawyers tell you, if I may ask, that led to your forking over “attorney fees galore”?

  • William Spier

    Looking into the new construction from my good vantage point on Poplar, the units look very small with somewhat senseless balconies on the Poplar side. I am surprised at what Karl says are 750 sq. ft. one bedrooms. They look even smaller to me. This is not impressive architecture; pedestrian I would say. I would think that there are better values out there if one can pass up on the “cache” the we on Poplar Street lend to the neighborhood!

    One thing I cannot understand: Why if Landmarks shot down an addition floor on the Poplar police station, would they allow an even more ambitious construction now? I am losing respect for CB2 which voted overwhelmingly to allow it. Why? What are they thinking?
    Do they like the new owners more than the lst one who could not do the same?

    What do you know Karl?

  • Joe

    I’m one of the 800. I haven’t seen the place yet but judging from the posts here it doesn’t sound that promising. We are looking for a 3 br.

  • Karl Junkersfeld

    William, I don’t have a definitive answer, possibly they got approval for the additional floor by setting it back far enough that it wasn’t visible from a street vantage point. I know the # of perspective apartments was drastically reduced by the new developer to 13 from Regal’s 38 apartments. Big difference.

    Don’t know if you saw the original rendering proposed by Regal.


    Personally, I liked it but I like the reduced capacity, to only 13 apartments, even more. Has anyone seen a rendering for the new project? These will be very expensive apartments. If word gets out that you and your beautiful garden are directly across the street, there is no telling how high a price these condos can command. ;>)

    The Heights is an incredible place to live and getting better by the day.

  • Andrew Porter

    When I’m standing in front of the many real estate windows on Montague, I am reminded of the mantra, “If I didn’t already live here I couldn’t afford to live here.” I’ve been in my apt for 43 years…

  • MPC

    I waited over 3 weeks to see an apt and all of the 3 bedrooms are taken. What a waste of time? Has anyone seen the apartments? I was scared off my the abatement tax – it is pending – so the tax prices quoted are the abatement taxes. If they dont get the abatement – the taxes could run up to 1700/month for a 3bedroom. That is over $3k a month. Seems like a big risk as they will not know if they got the abatement until closing. The fixtures are very cheap. Just seems shady