Architect???s illustration via Brooklyn Public Library; Drawing of 856 Washington Avenue via Valyrian Capital
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.
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.
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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