Real Estate

An Update On The Vacant Building At 391 5th Avenue


American Legion, 389 5th Ave

The long-empty building at 391 5th Avenue, between 6th and 7th Streets, may see some renewed action soon — at least, we hope. According to the Brooklyn Daily Eagle, the property owner is working on selling the place, after her plans to turn it into a seven-story apartment building fell through.

Vacant for years (going way back, in 1959 it was a mattress shop), the current owner, Chiu-Kun Wu, purchased the property in 2003 for $600,000 in a city auction. According to the Department of Buildings, she filed plans to demolish the two-story building in 2008 to build a seven-story, two-family building in its place. But money seems to have gotten in the way of these plans.

“I was young; I had these dreams of building big,” she told the Eagle. “For financial reasons, I decided not to build.”

Public records indicate a lien was placed against the property last month. Here’s hoping this space isn’t in vacancy limbo much longer.

Comment policy


  1. Property Shark (which requires registration) lists the net assessed value as $17,280, market value as $344,000 (2012/13) or $418,000 (2013/14). You can also check on Zillow.

Comments are closed.