The deed transfer for 17-19 Fairview Avenue was filed yesterday, Friday, December 7, at 11:52 a.m.--only hours after the mayor's public hearing on Local Law No. 5. Stewart's Shops paid $600,000 for the property, more than twice what the prior owners paid for it in 2005.
We've known for close to two years that Stewart's was in contract to buy this house as well as the house at 162 Green Street, but the sales were contingent on the City changing the zoning to allow them to pursue their plan for expansion. Local Law No. 5 hasn't even been officially enacted yet, but Stewart's is moving ahead with its plan.
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Of course they are. They know an opportunity when they see one. Just like any other corporate soulless business model.ReplyDelete