Brooklyn Heights Cinema building up for sale or lease

Owner lists property with residential conversion potential for $7.5M

70 Henry Street
70 Henry Street

Brooklyn Heights Cinema owner Tom Caruana is marketing the space for either sale or lease following failed attempts to secure approval for a residential addition to the building, at 70 Henry Street.

Massey Knakal is marketing the lot for either $30,000 per month or $7.5 million for purchase, Brownstoner reported. The Landmarks Preservation Commission failed to approve the addition in October 2013.

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Still, Kenn Lawy, who operates the cinema, told Brownstoner that Caruana hasn’t abandoned plans to include the movie theater in the building’s reworking, if the LPC would ultimately approve such a plan. The Massey Knakal listing says Lowy has a month-to-month lease for the cinema, that the property could be delivered vacant and that the lot can accommodate a 10,000-square-foot residential building.

Caruana did not immediately respond to Brownstoner’s request for comment. [Brownstoner] — Julie Strickland