30 Henry Street Reaps $500K Above Asking Price

By on May 15, 2012 2:37 pm in Commercial Real Estate, Development, Landmark Preservation

DUMBO-based developer Fortis Manor, which purchased the homely one-story Brooklyn Eagle Building at 30 Henry Street & Middagh in November 2011, paid $3.5 million for the property, according to a post today on Brownstoner. Broker Massey Knakal confirmed the figure, which is $500K over its asking price of $3 million.

That comes out to a cost of $209 per buildable square foot. Brownstoner notes that the site allows for a total of 16,740SF on the site. As previously reported, a six-story red brick building is slated to take its place.

The Brooklyn Eagle building was constructed in 1963 and was thus landmarked, but it has already been approved by the Landmarks Preservation Commission for its new incarnation. A rendering for the future building is below.

(30 Henry Street photo: Brownstoner)

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  • Bongo

    Yet another generic PoS building design. Awful.

  • http://n/a Barbara Shernoff

    Bongo:

    Totally agree with you. In my opinion, the new nondescript building above the Rite Aid store on Montague St. is just awful.

  • Livingston

    Not any worse than what currently is there. How on earth did a 1963, non-descript one story building get landmark status?

  • Bongo

    @Livingston. Good point, but given the opportunity to improve that corner, it’s sad that the proposed solution would look better place in the suburbs of Detroit, or Richmond.