Sunday, November 26, 2006

What's Up With The Building On Corner President And Albany?



This building is perhaps the best example of wasted precious space in Crown Heights. The Building is approximately 12,000 square feet and it has been sitting vacant for years. Last year, there was a title transfer to someone by the name of Weinbaum; other then, that the owner refuses any comment about the future of the building.

4 comments:

Anonymous said...

That building has been vacant for years. I believe that the owner keeps it that way deliberately, in order to save money on taxes.

Anonymous said...

Does Weinbaum plan on developing the building, luxury condos I would assume?

Anonymous said...

HE OFTEN LEAVES HIS BUILDINGS RUN DOWN AND VACANT IN ORDER TO CLAIM depreciation for tax purposes.

Crown Heights Realatorian said...

Interesting article from New York Times (published in 1985)

http://query.nytimes.com/gst/fullpage.html?res=9803EED7143BF933A15752C0A963948260