The Reel

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A blog for breaking sales and neighborhood real estate news.

A two-story industrial loft building at 259-261 Banker Street, located between Calyer Street and Meserole Avenue in Brooklyn’s Greenpoint neighborhood, was sold in an all cash transaction valued at $2,000,000.

The former night club is approximately 18,144 square feet and sits on a 72’ x 126’ lot. The first floor of the club is approximately 9,000 square feet. There is an additional 4,500 square foot partially enclosed outdoor space. The club features three bars, a dance floor, and four bathrooms. Additionally, through a separate entrance, there is a 4,500 square foot renovated loft space with a full kitchen and bathroom. The property benefits from its close proximity to public transportation, McCarren Park, Transimitter Park and the East River State Park. The sale price equates to $110 per square foot.

Click here for press release

Neighborhoods: Greenpoint/ Agents: Mark Lively, Stephen Palmese