Williamsburg

Houses — built and unbuilt — for sale near the Domino Sugar Refinery

Eye On Real Estate

January 28, 2015 By Lore Croghan Brooklyn Daily Eagle
Welcome to the Wythe Lane Townhouses, which are envisioned in this rendering. Rendering courtesy of KUB Capital and Halstead Property
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Well done, Halstead.

The brokerage has nailed down buyers for big-ticket Williamsburg townhouses that exist solely as architectural plans.

The other day  — before the Nasty Nor’easter came our way — we peeked through the construction fence at KUB Capital’s Wythe Lane Townhouses development on the corner of Wythe Avenue and S. 4th Street. It’s a hole in the ground.

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The Harkov Lewis Team at Halstead Property Development Marketing just launched sales of the planned 3,800-square-foot single-family homes in November. The houses will share a gated entrance off Wythe Avenue, and all of them have their own indoor parking spaces and roof terraces.

Sale contracts have been signed for the three properties the brokers had put on the market — 4, 5 and 6 Wythe Lane. The asking price for each was $3.995 million.

After they were snapped up, another house, 3 Wythe Lane, was released to the sale market on Jan. 8.  The asking price is $4.1 million.

By the way, in May 2014 KUB Capital paid a total of $6 million for 55, 57 and 59 S. 4th St., the properties that make up the development site.

The high-end homes — which are located a block away from the Domino Sugar Refinery development — aren’t the only real estate in play on the corner of Wythe and S. 4th.  There’s also a classic red-brick rowhouse at 61 S. 4th St. with a “House For Sale By Owner” sign on it.

The Wythe Avenue side of the house has those metal stars on it that old-time Brooklynites sometimes used to brace the façades of their buildings. It’s not in the best of shape, but it’s absolutely beautiful.

It has belonged since 1976 to Primitivo Vega, city Finance Department records indicate. He didn’t respond to our request for comment by press time.

The asking price for 61 S. 4th is $2.8 million, according to a Zillow.com listing that notes, “It is a contractor’s project and is in need of restoration.”


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