NEW YORK CITY—Kushner Cos. plans to convert the 338 residential units at 184 Kent Avenue to condos, for a total sellout of nearly $414 million, according to The Real Deal. Jared Kushner, along with Asher Abehsera's LIVWRK and the Rockpoint Group, paid $275 million in April for the eight-story property.
Located along the East Williamsburg waterfront in Brooklyn, 184 Kent was once home to Austin, Nichols & Co., the Bourbon manufacturer that produced the Wild Turkey brand. The building is on the National Register of Historic Places.
The warehouse was converted to residential use in 2010. The luxury units rent for more than $3,000 a month.
Kushner has amassed a considerable residential portfolio in Manhattan, Brooklyn and Queens. In a February exclusive with GlobeSt, CEO Jared Kurshner indicated that the firm was high on key markets in New York and elsewhere.
“We're highly opportunistic so we look at properties wherever they come to us from. Last year we bought three in Maryland, three in New Jersey and 10-15 in New York City,” he told GlobeSt.com's Rayna Katz.
The new project known as Austin Nichols Condominium, calls for 338 residential units and 63 storage units.
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