(Read more on the multifamily market.)
BROOKLYN, NY-An outstanding residential development site with potential for conversion at 20 Henry St. in the Brooklyn Heights section of Brooklyn has been sold in an all-cash transaction valued at $19.6 million. A source close to the deal tells GlobeSt.com that the sellers were Broadway Management and the Praedium Group. The buyer was Urban Realty Partners.
The seven-story vacant loft building is located in the Landmark Historic District of Brooklyn Heights, with close proximity to the Brooklyn Bridge Park and Dumbo. It contains approximately 45,990 sf.
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