Browsing Tag

Stribling & Associates

Downtown Brooklyn, Real Estate

Stribling & Associates Opens First Brooklyn Outpost Near Barclays Center

October 1, 2012

High-end residential brokerage Stribling & Associates is opening its first office in Brooklyn—just a few blocks from the newly opened Barclays Center. The Wall Street Journal reports that the firm is ramping up its activity in the borough with a 3,500sf office at 384 Atlantic Avenue, which will house up to 50 brokers. “Brooklyn is the hottest place to be right now,” says Elizabeth Ann Kivlan, a Stribling EVP.

Stribling has three Manhattan offices employing more than 250 agents and has been involved with such Brooklyn projects as One Hanson Place, a landmarked loft conversion at the former Williamsburgh Savings Bank building, and One Brooklyn Bridge Park in Brooklyn Heights, where Elizabeth Stribling, the company’s founder and president, lives in a multimillion dollar penthouse.

Source: Cobble Hill Blog

From the Web

Brooklyn Heights, Real Estate

Candy Factory Hits Sweet Spot: 20 Henry Street Two-Thirds Sold

June 14, 2012

When the condo project at 20 Henry Street hit the marketplace in February after years of delays & drama, asking prices at the former Peaks Mason Mints building (known as the Candy Factory) were between $450,000 and $2.56 million. That comprised studios up to 4 bedrooms, including 24 lofts (among them, six $2M+ penthouse units) and an additional 14 units in the adjacent modern structure on Poplar Street scheduled to wrap this summer.

Brokerage Stribling & Associates claimed then that 20 Henry had an 800-applicant waiting list—and it turns out they weren’t sugar-coating the building’s appeal. Brownstoner now reports that it is two-thirds sold, with 25 of 38 units spoken for.

Among them, four of the six penthouses are in contract. The largest and most expensive unit in the building, a 4-bedroom in the original factory building, is priced at $2,895,000. Closings should begin later this summer.

More history on the well-traveled build-out was featured in a Wall Street Journal article in February: The former industrial space was built in 1885 as the base of candy makers Mason Mints & Mason Dots. In the 1970s, it became housing for artists under the state’s Mitchell-Lama subsidized-housing program until the program ended in 2004.

Developers Urban Realty Partners bought the site in 2007, but weren’t able to finish a condo conversion after the imminent economic collapse. Los Angeles-based Canyon-Johnson Urban Fund stepped in and took over the project in 2010, alongside plenty of legal drama

(Photo: Brownstoner)

Source: Brooklyn Heights Blog

From the Web