The Original Williamsburg Savings Bank Building at 151-175 Broadway was sold in an all cash transaction valued at $4,500,000. The building is located in Williamsburg, Brooklyn near the waterfront redevelopment and the base of the Williamsburg Bridge.
The Williamsburg Savings Bank Building is approximately 28,495 square feet and sits on a 239’ x 100’ lot. It is a well known historic property offering the purchaser a rare opportunity to own a unique institutional property rich in architectural detail. The building has landmark designations for the Civil War era portion of the building which include the dome, the banking room and the exterior of the vault. The site benefits from its close proximity to the Williamsburg Bridge, the Brooklyn Queens Expressway and the famous Peter Luger's Steakhouse. Additionally, the site includes a 6,400 square foot neighboring parking lot. The property was sold to Juan A. Figueroa from Bullwhip Management, LLC.
“There was a tremendous amount of interest in this building from buyers with drastically different uses in mind. While there were quite a few restrictions on what could be done with this building, at the end of the day, there was still the chance to do something truly unique at this location,” said Massey Knakal Director of Sales Brendan Maddigan who exclusively handled this transaction with Massey Knakal Vice President of Sales Mark Lively and CEO Paul J. Massey Jr.
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Neighborhoods: Williamsburg/ Agents: Brendan Maddigan, Mark Lively, Paul Massey Jr.