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240 Gold St. 240 Gold St. aerial map/ Image provided by Avison Young

NEW YORK CITY—Brooklyn continues to show signs of being a hot investment as Bruman Realty closed on its purchase of 240 Gold St. in Downtown Brooklyn. The Dumbo (short for Down Under the Manhattan Bridge Overpass) lot comprises 26,916 square feet of ground space with a projected 193,258 square feet of zoning floor area for residential development. A McDonald’s fast-food chain and a parking lot formerly occupied the space.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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