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Higher Rents on Hope

It looks like that giant warehouse on Hope Street near the BQE is going to be yet another luxury condo building. This sort of confirms my theory that Havemeyer Street will be the next Bedford, and that within a year or two the L train will need people pushers just like the subway trains in Tokyo:

Industrial Building to be Converted Into Condominiums

"In a transaction valued at $26 million, Kalmon Dolgin Affiliates, a real estate firm, has arranged for the sale of a 113,000 sq.-ft. industrial building in Brooklyn to Hope Street Ventures LLC, which is planning to convert the property into residential condominiums. Neil Dolgin, president of Kalmon Dolgin Affiliates, and Howard Darsi, the company’s associate broker, represented the buyer and private seller in the transaction. The renovations are expected to begin at the end of the year and commence in spring 2007, Darsi told MHN.

The building, located at 59-65 Hope Street in the Williamsburg section of Brooklyn, will be mostly comprised of two-bedroom units, Darsi said. Many local residents have expressed interest in the property because of the industrial building’s high ceilings. The building is near the Brooklyn-Queens Expressway and the Williamsburg Bridge. The property is also easily accessible by car, subway and bus and it will be near the Metropolitan Avenue Ferry. "


This page contains a single entry from the blog posted on August 25, 2006 2:00 AM.

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