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On the Market

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Such is the way of things: one stalled Williamsburg site comes back to life; another goes up for sale. 421 Kent Avenue went through a foreclosure auction last week, which leaves it clear for a buyer, and the property is now on the market for $52.5 million. That's the 2007 purchase price?$42.6 million?plus the cost of the work done on the site so far. Plans for a 216-unit condo have already been approved, as has a 421a tax abatement. [Crain's]

421 Kent Avenue

421 Kent Avenue, Brooklyn, NY