12/07/11 3:14pm

201 Water Street "Jay Street Arts Building"

Brooklyn Eagle reports that Massey Knakal has been retained to sell a “warehouse/manufacturing/conversion/development site with additional air rights” at 51 Jay Street in Dumbo. The building is also known as 201 Water Street or “Jay Street Arts Building” per the sign on the building.

The Brooklyn Eagle writes:

Calling it a potential conversion or development site, Palmese, who has the listing, said the owner is asking $200 per square foot for the second and third floors and $150 per square foot for the development rights.

The existing through-block, three-story building, which is on the east side of Jay Street and has frontage on both Water and Plymouth streets, falls within the DUMBO Historic District and will have to go before the Landmarks Preservation Commission for approval of any changes, according to Palmese.

It contains approximately 80,000 square feet, with a partial basement and an annex building and sits on a lot that is approximately 200 feet by 155 feet.

The air rights total approximately 75,000 square feet.

With 80,000 square feet plus 75,000 square feet of air rights, the building can potentially be developed as a mixed-use development site and will be delivered vacant. The building size is 200′ x 155′, or 31,000 square feet per floor. If the owner is asking $200 per square feet for the 2nd and 3rd floors ($12.4MM), and $150 for the air rights ($11.25MM), that would bring the asking in the range of $23.65MM for the 2nd, 3rd, and air rights plus costs for 18,000 square feet on the ground level. Does this sound right?

The third floor is an open floor with a glass roof structure. The space can be made into a grand space for a business or residential. Spaces like this are becoming more scarce in Dumbo, so it seems like a good development opportunity for the right real estate developer.

51 Jay St, 3rd Fl

51 Jay St, 3rd Fl

Massey Knakal also have other warehouse/development properties in Dumbo, including 29 Jay Street, 60 John Street, and 109 Gold Street (Vinegar Hill).

06/10/10 8:50am

What: Vinegar Hill Flea Market & Open Studios
When: Saturday, June 12, 2010, 10am – 5pm
Where: Front Street, Gold Street, Water Street, Hudson Ave and Little Street in Vinegar Hill

Multi-family with lots of furniture,clothing,books, and more!

Download the Vinegar Hill Flea Market flyer (1MB jpg file)

{Annual Vinegar Hill Flea Market 2007}
{Annual Vinegar Hill Flea Market 2009}

02/23/07 12:14am

ModernTots is holding their first-ever sample sale from February 23rd-25th at their new showroom in Brooklyn’s Dumbo neighborhood. In order to make room for new Spring 2007 arrivals, select merchandise including cribs, bassinets, dressers, changing tables, table & chair sets, rugs, clothing, diaper bags, bouncy seats, and toys will be available at 40% savings.

The new ModernTots 2500 square foot showroom opened in January and includes a wide array of products for modern families. Co-Founders, Sarah Rubenstein and Bruce Marsh even have their own blog, called ModernBlog which chronicled their store build and product buying trips. Check out their sale if you want to get something for your child at a discount.

53 Pearl St., Ground Floor
Brooklyn, NY 11201

12/12/06 12:45am

It’s clear that her paintings touched everyone who passed by the giant J Condo construction site. In an interview by Michael Surtees, Pasqualina Azzarello says that she:

“values making use of public spaces when making and sharing my art. Whether I am making a mural, creating a proactive public dialogue through performance, or selling my artistic wares on city streets, I appreciate the integration of object and place.”

The construction workers watched the paintings grow daily and “Having art around added some cheer,” said Jim Spence, a superintendent at the site. They had to be taken down to make way for the new sidewalk, and now exhibited at Retreat (147 Front Street) through January 31, 2007. 100 wooden panels will be for sale at the gallery between $100 and $1,000.

{Slope painter sells a wall in DUMBO, Brooklyn Papers, 12/9/06}
{Dumbo artist paints construction fence, DumboNYC.com, 8/7/06}
{Pasqualina Azzarello Interview, design*notes, 11/7/06}

10/19/06 12:08am

If you’ve walked around the Dumbo Brooklyn neighborhood, you probably have seen this vintage green car. The car seems to match the old cobblestone streets and the pre-war buildings (now converted to condos). You can now buy it for $7500. The owner bought it from its original owner, a retired cab-driver. Many Dumbo residents and visitors have taken photos of the car and is somewhat of a “celebrity” in Dumbo. So owner, why are you selling? Too bad, ’cause it would’ve matched the proposed trolley going up and down Brooklyn Bridge Park.

Some additional photos by Dottie admirers:

  Photo by mulia

  Photo by danivance

  Photo by justinyc

  Photo by bugged_out_cars

  Photo by mad_pixelist

  Photo by dr.snitch

{Checker 1977 – unique ‘NYC state of mind’ opportunity – $7500, Craigslist.org}