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:
Construction site as of early April; CityRealty
CityRealty
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.
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New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.
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