Flipping the Candy Factory for $22.5M

20 Henry Street, a.k.a. The Candy Factory, is on the block again, now that it has been converted to luxury condos and the owners won approval for a four-story add-on.

Formerly the Peaks Mason Mints building, then a Mitchell-Lama project for artists, it was sold in 2003 for a reported $5.6 million to the Praedium Group, which got rid of the tenants, renovated it, and finally, after many compromises, got the Landmarks Preservation Commission to OK a neighboring building.

The Brooklyn Daily Eagle has the story (but good luck navigating to it on the paper’s Web site). If you’ve got $22.5 million laying around, and are looking for not one but 60 places to hang your hat, check out this listing instead.

Matthew Schuerman Flipping the Candy Factory for $22.5M