building
We heard that a British woman recently paid $8 million for this group of buildings on the corner of 3rd Street and 3rd Avenue. Not sure what her plans are for the building but she’s contemplating a “green” roof. GMAP


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  1. Think about it:
    Gowanus for water
    Whole Foods at 3/3.
    Subway on 4 Ave
    Great views
    $800/sf for stupid buyers (if the Fed lets the credit idiocy continue)
    Build non-union for $250/sf
    Acquire for $100/bsf
    She will make a killing from the lemmings.

  2. green roof typically is gravel, soil and turf on top of the waterproof membrane (covering the existing concrete/timber roof structure). Built correctly it contributes immensely to the thermal comfort provided by the building. Good thing? You betchya!

  3. Given that this is historically a heavy industrial area, will this prospective developer face brownfield issues that might hamper her ability to build residential? What is the zoning, anyway? Is it still a manufacturing district? Not that it matters much, because in the current Gold-Rush fever in these parts, rezoning shouldn’t be a problem. And of course (since rezoning is by nature time-consuming & costly), there’s always the BSA shortcut. The BSA is very accommodating to hardship issues -such as, in case she speculated and overpaid for land that is not zoned residential?

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