CW Realty recently dropped $20 million to acquire a controversial parcel in Vinegar Hill, Brooklyn, where previous owners failed to win approvals for development. Located at 251 Front Street, also referred to as 68 Gold Street, the site currently supports a large parking lot that would be redeveloped to support a five-story building with 59 rental units.
251 Front Street
New development rarely happens in Vinegar Hill, a tightly zoned, tiny neighborhood wedged between Dumbo, the Brooklyn Navy Yard, and the East River waterfront. But the owner of a parking lot 251 Front Street hopes to get an upzoning to construct a nine-story apartment building there, according to documents filed with the Department of City Planning.