NEW YORK | Bruman Realty Assemblage | FT | FLOORS


#1

This is a prime opportunity. Close to 200k sq-ft of rights with the 3 properties. If more are bought, and merged onto the assemblage, this could be a sizable development. Something to keep tabs on!

Hopefully they can snatch the properties along Duffield Street.

==============

Joseph Brunner and Abe Mandel’s Bruman Realty is in contract to buy several sites along Gold Street in Dumbo, The Real Deal has learned.

The three-parcel assemblage includes a 27,200-square-foot parking lot at 169 Tillary Street, currently the site of a Budget Truck Rental, which extends along Gold Street, and two more vacant parcels at 236 and 240 Gold Street.

The three parcels combined come with close to 200,000 buildable square feet. Sources familiar with the deal said the price is north of $59 million.

The seller of the larger lot, which extends along Gold Street, is Michael Zacharias, who owns several parking lots throughout the city. Previously, Zacharias had sought zoning approval to install vertical parking structures on the site, which would have allowed him to increase the number of parking spaces at the site, according to a New York Times report.

Credit: therealdeal