Brooklyn development site turns double profit in 1 year.In a transaction that dramatizes just how "hot" Brooklyn's Clinton Hill Clinton Hill has multiple meanings: Places
The site consists of vacant land with a three-story commercial building on a 16,000 s/flot at 525 Clinton Avenue. It also comes with the right to construct an apartment building of approximately 50,000 s/f, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Eastern Consolidated Director Alan P. Miller. Mr. Miller, who last year brokered the sale of this property, which was owned by the Lutheran Church, to investor/developer, Kidd Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. & Queeg, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , this time teamed up with Brian Leary, of Massey Knakal's Brooklyn office, to resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. the same development site to a private residential developer for $6.2 million. "Kidd Morgan had a number of development projects already in the works and decided to take advantage of exceptionally strong housing market conditions prevalent today, not only in Clinton Hill, but throughout Kings County," stated Mr. Miller. He noted the development site is less than 3/4 of mile from Atlantic and Flatbush Avenues, the site of the proposed Forest City Ratner housing and sports complex. In the latest transaction, Warren Forman, Esq. represented the seller, Kidd Morgan & Queeg, while Leonard Grunstein, Esq., of Jenkens, Gilchrist Parker & Chapin LLP LLP - Lower Layer Protocol , represented the buyer. |
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