![Architect???s illustration via Brooklyn Public Library; Drawing of 856 Washington Avenue via Valyrian Capital](https://thumbs.cityrealty.com/assets/smart/848x/webp/5/55/5502df97a0b09e2fc79c3cc9ae7bace417bc0f4b/856-washington-avenue-01.jpg)
To the disappointment of neighbors and preservationists, the Greenpoint Savings Bank building at 856 Washington Avenue in Prospect Heights has been demolished. The imposing Neoclassical structure was purchased for $6.5 million in 2014 by a consortium of developers that includes Slate Property Group, Valyrian Capital and the Daten Group. Now, construction is moving forward on a new 14-story, 26-unit condominium designed by the firm of Kutnicki Bernstein Architects.
A schematic rendering published on Valyrian Capital’s website shows the building will have large deeply inset windows including along its northern lot-line. Paperwork filed with the city shows the building will rise 158 feet to the top of its rooftop bulkhead, and coupled with the building’s high-elevation, mid- to high-floor apartments will offer impressive views of Manhattan to the northwest and views of the Brooklyn Museum of Art/Prospect Park to the south.
In this article:
![856-Washington-Avenue-02](https://thumbs.cityrealty.com/assets/smart/491x/webp/e/ea/ea46f37b038cc302fc6d97504c092b1a6ffeaccf/856-washington-avenue-02.jpg)
![856-Washington-Avenue-002](https://thumbs.cityrealty.com/assets/smart/491x/webp/c/cd/cd5054a74441fb6f6ef2082c6e7afce5b9a7e4a6/856-washington-avenue-002.jpg)
There will be no more than 3 residences per floor and amenities will include a rooftop deck and terrace, and an exercise and fitness room. In Prospect Heights, closing condo prices have hovered around $1,000 per foot. Presently, there are 28 apartments for sale in Prospect Heights with a median price of $1,050,000. One-bedrooms ask a median of $973,500 and two-bedrooms $1.22M.
Would you like to tour any of these properties?
![](https://thumbs.cityrealty.com/assets/smart/200x/webp/8/81/81bf5e19d267d1d88ab226d2da442dacac7344ec/ondel-hylton.jpg)
New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.