Where's Our Park - Norm Brodsky - CitiStorage Site

About the “Value” of the CitiStorage Property

Adam D. Perlmutter Open Space Alliance for North Brooklyn June 18, 2016 There has been a lot of discussion both here and elsewhere about the “value” of the CitiStorage property. Most think that Brodsky should be happy with realizing an almost 2100% return and take the City’s offer. A few think that he should get […]

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Jens Rasmussen

What the CitiStorage Property is Worth and Why No One In Their Right Mind Will Overpay for It

Press Release from Friends of Bushwick Inlet Park June 9, 2016 Download A recent press report noted that the “leading” estimate of the value of the CitiStorage property is $77-92 million dollars. The City just offered the owner Norman Brosdky $100,000,000 to turn it into parkland. Brodsky has not publicly indicated that he will accept […]

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