The City of New York is buying three waterfront parcels totaling 6.9 acres in Coney Island from Thor Equities for $95.6 million as part of a plan to revive a legendary entertainment area that has fallen on hard times. Also, Volkswagen Group of America, Inc., has purchased the former Potamkin General Motors showroom at 798-804 11th Ave. at 56th Street for $84 million.
November 18, 2009 at 12:00 AM
1 minute read
The City of New York is buying three waterfront parcels totaling 6.9 acres in Coney Island from Thor Equities for $95.6 million as part of a plan to revive a legendary entertainment area that has fallen on hard times.
Joseph Gunn, senior counsel in the city’s Division of Economic Development, represented the buyer.
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