NEW YORK CITY-A Dumbo waterfront development site at 51 Jay St. in Brooklyn is in contract for below $30 million. The site, situated between Plymouth and Water streets, contains a three-story manufacturing building spanning 80,000 square feet.
The Forman Group, the property's owner, retained Massey Knakal Realty Services late last year to sell the property, which is platted for a residential development. The new owner of the property is described as a real estate developer based in Williamsburg, Brooklyn. For the full story, go to Crain's New York Business .
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