Eye On Real Estate: Con Amore Cabaret site draws big interest from artsy types, industrial businesses
By Lore Croghan
Brooklyn Daily Eagle
The new cabaret at 18 Commerce St. was too highbrow to have strippers. It lasted about a nanosecond.
Instead of seeking a new tenant, landlord Salvatore Reale decided to sell the 11,200-square-foot, five-building Red Hook complex where Con Amore Cabaret had been located.
The property has gotten looks – and some purchase offers – from creative types as well as traditional Red Hook industrial tenants, said Dan Marks, vice president of investment sales at Terra CRG, which is handling the marketing of 12-18 Commerce St.
These include artists who would use vacant 6,000-square-foot 18 Commerce for studios and galleries, a couple architecture firms that want new offices, a catering company, a commercial recording studio – and contractors and woodworking business as well.
In addition to getting work space, the purchaser will get a rental-income stream from tenants in the other buildings in the complex, which include music studios, offices and storage space.
The asking price is $1.85 million. Reale's company 18 Commerce Street Realty Co. has owned the buildings since 1980, city property records indicate.
Red Hook's real estate market has bounced back since Hurricane Sandy – though prospective buyers talk about it during property showings.
“At first, people ran away from a lot of deals – but that's over,” Marks said.
Con Amore co-owner Cynthia Thomas-Dicks did not respond to queries about why her business closed. The Paris Burlesque Club, which preceded Con Amore as a tenant, was a pole dancers' paradise.