clock menu more-arrow no yes mobile

Filed under:

Williamsburg's Warehouse 11 Now Accepting Proposals

New, 6 comments

As expected, the listing for Williamsburg foreclosure victim Warehouse 11 has popped up on the website of Massey Knakal, the brokerage now charged with selling off the senior debt on this 120-unit piece of Karl Fischer new construction. The sales listings for the individual units have finally been pulled off the market as well. Per the Massey Knakal listing, featuring a building photo apparently shot from Robert Knakal's dirigible, the North 11th Street development is 95% done and if taken rental could expect to generate around $4.1 million in gross annual income. The bank is still owed $50,766,000, but the notes plainly state "bank requests proposals." Who's got a creative offer?
· Listing: 202-226 North 11th Street [Massey Knakal]
· Warehouse 11: Your Latest Williamsburg Nondo! [Curbed]