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1240 Morrison Avenue in Soundview, 1769 86th Street in Bensonhurst and 73-99 Empire Boulevard in Crown Heights (Google Maps)
Alex Adjmi’s A&H Acquisitions bought a Crown Heights warehouse, one of eight mid-market investment sales in the city last week.
Adjmi who received a presidential pardon on Donald Trump’s last day in office in January paid $15 million for the complex.
Overall, the eight deals in the city totaled $127 million, and included three industrial complexes and two multifamily buildings. The total was far higher than the previous week’s $90 million for four properties. Mid-market deals cover investment sales between $10 million and $30 million.
After months of pleas from their attorneys and from Community Board 3, the city has finally agreed to give six families living in a doomed building at 400 Grand St. priority status for new affordable apartments in the Essex Crossing project. The decision from the commissioner of the Department of Housing Preservation and Development (HPD) […]
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400 Grand St.
Earlier this summer, some of the commercial tenants in buildings soon to be demolished for the Essex Crossing redevelopment project closed their doors. In the fall, the remaining families living on the former urban renewal site will also be required to vacate the site, as well Groundbreaking for the first phase of the nearly 2-million square foot residential and retail project is expected next March.
Earlier this month those five families, all longtime occupants of a tenement at 400 Grand St., received 90-day eviction notices. The letters from the property owner, the city’s Department of Housing Preservation and Development, specified an October 27 vacate date. Court action would follow if the residents aren’t out by that time.