After one hundred years of operation--with more than twenty of them (since 1993) under the ownership of the Blankinship family--Brooklyn's Kensington Stables has declared bankruptcy.
The real estate listing for the property states that it will be auctioned off this Thursday, February 23rd, at 2:00 p.m., but Curbed says that the auction has been postponed. The starting bid had been set at $2,000,000.
COMMERCIAL WAREHOUSE / POTENTIAL REDEVELOPMENT OPPORTUNITY. This property will be auctioned at 2:00 p.m. on Thursday, February 23, 2017 in the office of Backenroth Frankel & Krinsky LLP, 800 Third Avenue, 11th Floor, New York, NY 10022.
To participate in the auction sale you must submit a bid no later than 4:00 p.m. on Tuesday, February 21, 2017. Please contact broker/auctioneer, MYC & Associates, Inc., for a copy of the Bid & Sale Procedures and Contract of Sale.
A bit of history from the Kensington Stables website:
Our barn at 51 Caton Place was built in 1930 as the last extension of the riding academy at 11 Ocean Parkway founded in 1917. The first extension was torn down to make the foot bridge over Ocean Parkway. The original riding academy closed in 1937 and is now a warehouse.
Today, Kensington Stables is the only remaining stable in the Prospect Park area. We continue to offer friendly, accessible, and affordable equestrian activities for New Yorkers and New York’s many visitors from all walks of life.
Walker Blankinship is the owner and manager of Kensington Stables. In 2005, the property's owner sold land that Blankinship was using for a barn, a pen outside the barn, and parking for horse trailers. The Kestrel apartment building now occupies that land.
These articles delve into the stables' history, what it offers to people of all ages--including therapeutic riding lessons to people with disabilities--and what might become of the property:
Daily News: City Councilman urges future buyers of Brooklyn’s Kensington Stables to keep building openKensington Stables is located at 51 Caton Place at E. 8th Street.
phone: (718) 972-4588
e-mail: info [at] kensingtonstables.com