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By Accord Real Estate Group

Prospect Heights Green Point Savings Bank Condo Conversion

October 1st 2015
Tags: Real Estate News, All about Brooklyn New York, Brooklyn Real Estate

Attention real estate companies in Brooklyn and real estate agents in Brooklyn servicing the Prospect Heights neighborhood.

Slate Property Group has purchased the former Green Point Savings Bank located at 856 Washington Avenue between Lincoln Place and Eastern Parkway. The purchase price for the property was $6,500,000.

A 14 story condominium building is planned for the site. 

Most likely the air rights from both adjacent buildings at 175 Eastern Parkway and 400 Lincoln Place will be transferred to this project. The new building will consist of 26 condo units for a total of 45,339 square feet.  On each floor from first to eleventh there will be two condo apartments,while the sixth floor will have three condo apartments. Then the top three floors will one condo apartment on each floor. The average apartment size will be a spacious 1,746 square feet. There will be a penthouse with a private roof deck, the rest of the residents will have access to a shared roof deck.

If Slate keeps the building intact, they will be able to have a ground floor retail space. However, if they choose to demolish the building, they won’t be able to replace the retail component of the building unless they get a variance from the city.

The Architect for this project is Kutnicki Bernstein.

For more information on Prospect Heights real estate in Brooklyn, call us at 718-375-2065.

If you are planning to sell your Brooklyn property, whether a residential single family property, multi family property, mixed use, commercial, vacant land, Co op apt, Condominium apt or development opportunity call Jeff and Anna. You will be very happy that you did.