News has broken about a sale brokered by Ariel Property Advisors in Brooklyn, accompanied by renderings of future potential. The company has sold a development package for three sites for a total of $5.06 million. 167-169 Eagle Street in Greenpoint and 304 Saint Nicholas Avenue in Bushwick were acquired by an anonymous buyer, and Daniel Tropp led the sales for all three of the lots.
304 Saint Nicholas Avenue is located 2 blocks away from the Myrtle-Wyckoff Avenues Subway Station, serviced by the L trains. The future development is expected to yield a six-unit residential building, spanning 5,670 square feet.
The site at 167 and 169 Eagle Street is eight blocks away from Greenpoint Avenue Subway Station, serviced by the G trains. The two sites sold for $3.751 million, and include a maximum of 10,000 square feet for building, at $375 per buildable square foot.
A permit had been filed for the site in early June of this year, and Mortar Architecture and Development had proposed two four-story residential structures, set to yield a total of 9,836 square feet for residential use.
Demolition permits were filed in August for 167 and 169 Eagle Street. There haven’t been any filed for 304 Saint Nicholas Avenue.