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32-34 Fifth Avenue is For Sale
Friday, October 19, 2012 at 11:47AM 
In rather unsurprising news, the owners of 32 and 34 Fifth Avenue, on the corner of Dean Street, have placed the building on the market. As noted in this press release (PDF), the buildings are "directly across from the new Barclays Center and the Atlantic Terminal Mall & Train Station," and "can be delivered vacant making it ideal for mixed-use, retail or residential conversion."
The buildings, which are catty-corner to the recently shuttered Triangle Sporting Goods, currently house an H&R Block. The release goes on to mention proximity to the Barclays Center several more times, making it clear that whoever purchases the property needn't care about whether or not what they plan on opening there is of any use to the people who actually live in the neighborhood.
The asking price is $4,500,000, which equals out to about $781/ square foot.
Arenafication, For Sale in Storefronts
Reader Comments (5)
Are you really giving a building owner selling near the Barclays center a hard time for publicizing its proximity?? Would you prefer they advertise something like:
"buildings can be delivered vacant and are ideal for low income housing, a co-op or a small farm to table bistro?"
kind of agree with jbob.
If you have lemons make lemonade, drink it and be happy..
If the powers that be harvested beautiful strawberries ,and delivered them across the street to your door step then make incredible strawberry jam and sell the jars for a lot of money!
I wouldn't trust bushels of strawberries that had been sitting on the doorstep across the street for who knows how long. And no matter how delicious the potential jam nor the proximity of said strawberries, it would still be thievery to utilize fruit that had been delivered to someone else.
Just from a strictly investment standpoint any future owner would have to make at least around $400,000 a year gross to have this make any sort of sense.
Call me crazy, but there will be Barclays-related openings that I would be interested in, as a local. The Hooters boogeyman man never arrive, never mind the fact that there's been an Applebee's and Buffalo Wild Wings across the street for years and no one gives a rat's ass.