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702 Nostrand (between st. marks and prospect) for sale

laura palmer
laura palmer
edited May 2015 in Crown Heights/Prospect Lefferts Gardens
I seem to remember Whynot predicting a while back that many of the little two-story buildings on Nostrand ave would be torn down for development...this ad promises air rights for an additional 2,722 buildable square feet. Hard to imagine right now, given how snugly it fits in with its neighbors. 



Screen Shot 2015-05-09 at 2.45.31 AM

Comments

  • laura palmer
    laura palmer
    Interestingly, it's similarly priced to the former Bobby's diner on Kingston and St. Johns (http://streeteasy.com/building/1090-st-johns-place-brooklyn/0)

    If you had a hypothetical million, which would you buy? 
  • whynot_31
    whynot_31
    The 2 story buildings most at risk of demolition are those made of wood.

    So, I think this brick building will survive. It might get a story added to it, or an extension added on to the back.
  • whynot_31
    whynot_31
    edited March 2016

    http://www.agorafy.com/listing/81662/702-Nostrand-Avenue-Mixed-Use-for-Sale

    Still for sale, and seeks $1.3M.

    It is likely asking that much $ because it is adjacent to the Mazon properties, and every adjacent property is more valuable to someone who buys Mazon and then tears it down. 

  • Flatfix
    Flatfix
    Middle of the block is always the hardest to rent and is usually discounted
  • whynot_31
    whynot_31
    edited March 2016

    It would not surprise me if the two properties on the right have already received offers on their properties, with the goal of assembling a large property than includes the Mazon storefronts.

    I would certainly want to explore such options before I put any money into expanding this building.

    ...if we factor in the cumulative effect$ of the adjacent properties, this little building could be demolished.

  • whynot_31
    whynot_31
    image
  • suppleknuckles
    suppleknuckles
    WHOA! that's a big ol check mark next to nostrand, then
  • whynot_31
    whynot_31
    Yup. A chain pediatric place. ...one with a very good reputation as per my friends with kids.
  • joshb
    joshb
    We go there for our daughter. They are awesome. Been trekking to Fort Greene. Psyched to have a closer option.
  • crownheightster
    crownheightster
    Wow. That's fancy. Like, premium pediatrics.
  • epiclylaterd
    epiclylaterd
    So happy to have a closer option that Fort Greene. They take Child Health Plus at the moment which is pretty amazing