Thursday, March 27, 2014

Flatbush Avenue building that was to house Kemistry is up for sale

The Commercial Observer reports that the Flatbush Avenue building once destined for Kemistry, a lounge/club that planned bottle service and was denied a liquor license, is up for sale, for $8 million:
The residential and retail property, at 260 Flatbush Avenue, also known as 89-91 Prospect Place, is being exclusively marketed by Eastern Consolidated. The buyer can erect a seven-story addition on top of the existing 3,975-square-foot, one-story structure.
The approved plans for the building call for a 20,335-square-foot mixed-use building with 14 residential units accessible via a lobby entrance on Prospect Place, a recreation room for tenants and one retail space with 31 feet of frontage on Flatbush Avenue. The existing structure spans the entire block-through lot and includes a full basement, which houses the building’s primary systems.
The seller paid $3.98 million in November 2006. The site is a few blocks from the Barclays Center.

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