Bushwick

Wildenstein & Co. buys the Saint Marks in Bushwick

Eye on Real Estate: International art dealership pays $51 million for former church

November 1, 2017 By Lore Croghan Brooklyn Daily Eagle
The Saint Marks, a former Bushwick church and school, now belongs to Wildenstein & Co. Inc. Eagle photos by Lore Croghan

Welcome to Bushwick, David Wildenstein.

The high-profile international art dealership he runs, Wildenstein & Co. Inc., has purchased the Saint Marks for $51 million, city Finance Department records indicate.

The rental-apartment complex at 626 Bushwick Ave. has a historic pedigree.

Originally, it was St. Mark’s Evangelical Lutheran Church and School.

The Victorian Gothic-style red-brick house of worship and school building were designed by Theobald Engelhardt, a prominent late 19th-century architect. They were constructed in the 1890s.

The residential complex also includes a new building.

Wildenstein is the fifth-generation member of his family to run its art dealership. In recent years, he has started to expand it into real-estate development.

The entity that bought the Saint Marks in September is called 618 Bushwick Owner LLC.

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Wildenstein signed a mortgage used in the purchase. The document identifies him as the vice president of Wildenstein & Co. Inc. and says the company is the sole member of 618 Bushwick Owner LLC.

The seller was an LLC with Jacob Sacks as manager, Finance Department records show. Sacks is a principal of Cayuga Capital Management, which carried out the church and school’s residential conversion.

 

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