According to Rachel at DNA info, it sounds like an investor bought the property with the intention to build on it. I assume that they hope to build on the adjacent vacant lot as well? The owner probably made a significant profit, given that he originally purchased the property for 389k.
Image may be NSFW.
Clik here to view.
Clik here to view.
"This coffee, bagel and sandwich spot located in the first floor of a house just off Franklin Avenue sold its last lunches last week, said co-owner James Payoute, who said he sold the building to “an investor” who may build a new building on the site. However, no building plans or permit applications have been filed for that property with the Department of Buildings.
Payoute bought the building for $389,000 in 2003, according to property records, but it is unclear how much it was sold for. "
