WINDSOR TERRACE – Kensington Stables may be safe for the next five years, according to the property’s seller.
The stables, located near Prospect Park at 55 Caton Place near East 8th Street, went on the auction block in February. The property was pulled from the bankruptcy auction after City Council Member Brad Lander publicly pleaded with potential bidders to preserve the “longtime community institution” and vowed to oppose any rezoning that did not preserve a stable at the site.
After a failed deal with the NYC Department of Parks and Recreation, the owners put the stables up for auction again, selling it last month to a buyer who promises to pay off the seller’s debts, renovate the property, and maintain the building and its operations for another five years at least, Brooklyn Paper reports.
The buyer, whose identity has not yet been announced but who was revealed to be a longtime stable customer, has also promised to keep Walker Blankenship, the stable’s current manager and owner’s son, on staff for the next five years as well, according to Brooklyn Paper.
If the business proves successful, it may continue on longer than the agreed upon five years, with potential to expand into an adjacent warehouse space. The sale is still awaiting approval from a bankruptcy court judge, the article states.
Built in 1930, Kensington Stables is one of the few remaining stables in New York City and is the only one that serves Prospect Park.