East New York’s landmarked Empire State Dairy complex has sold, and will reportedly see the rise of a 14-story residential building on its property. Commercial real estate firm CBRE made the announcement of the sale on Wednesday. The company represented the seller, and scouted out the buyer as well.
Located along Atlantic and Schenck Avenues, the complex was designed and built in two phases in the early part of the 20th century. The complex is comprised of several interconnected buildings that front on both Atlantic Avenue and Schenck Avenue. The tallest building fronting on Atlantic Avenue features ceramic tile panels depicting Swiss pastoral folk scenes. They are considered to be the largest surviving decorative tile installations created by the American Encaustic Tile Company. This was a major part of the reason the city’s Landmarks Preservation Commission decided to designate the complex in December 2017.
The complex was used to process milk and make ice cream for several decades until the complex shuttered in the 1950s, and has remained vacant since. Now the complex has sold for $16.75 million, according to CBRE. The sale only lists 2840 Atlantic Holdings LLC, and the new owner hasn’t yet filed plans for the project, so the identity of the developer is still unknown.
The developer has committed to restoring the historic elements of the existing buildings, and plans to build a 14-story residential building on top of the single-story retail structure along Schenck Avenue. In all, the new development is expected to measure 274,000 square feet, and will also have retail. Curbed will update this post when we learn more.