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NYC developer adds another building to Canton holdings

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CANTON - A New York City developer paid $57,500 for the former Hackett’s clothing store in the Midtown Plaza, about half of what the building was assessed for in 2012.

Garry L. Cohen closed on the purchase in July, but he only recently filed the real estate transaction with the St. Lawrence County Clerk’s Office.

Mr. Cohen own several buildings in the plaza, including thevacant Jubilee store, which has been empty for more than a decade. He also owns the plaza’s parking lot

He said it made sense to purchase the Hackett’s store which he acquired through an April bankruptcy hearing held in Utica. The Hackett’s store was among several owned by Patrick Hackett Hardware Co., which filed for Chapter 11 bankruptcy in 2009.

“Nobody else was interested,” Mr. Cohen said. “I didn’t want this thing sitting in limbo in the middle of my shopping center. I was a natural buyer for it.”

In 2012 the building was assessed for $119,000, more than twice the $57,500 price Mr. Cohen paid for the 5,300 square-foot store.

Mr. Cohen said the space would be suitable for another retailer or office space.

“People have been through there, but I don’t have a deal,” he said. “I would welcome inquiries. I don’t intend to keep it empty.”

He said the store has air conditioning and would be an ideal spot to sell fresh vegetables, fruit and other produce year-round.

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