Distress Signals in Williamsburg


"Distress Sale for Owner, but for you, Developer\Investor, Profit, Profit, Profit!!" Such is the glass-half-full verbiage in the listing for 191-193 Johnson Avenue in Greenpoint, where the developer has run out of options. (The developer has unpaid fines owed to DOB.) The price tag on the 16-unit new building? $4,200,000

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