The Real Deal New York

Brooklyn Bowl, Brooklyn Brewery warehouse hits the market

35,000-square-foot building expected to retrieve at least $50 million
April 16, 2015 05:15PM

The Williamsburg building that houses Brooklyn Bowl and Brooklyn Brewery is up for sale. An Eastern Consolidated team led by David Schechtman and Chad Sinsheimer is handling the sale of the 35,000-square-foot warehouse at 61-71 Wythe Avenue, which sources told Crain’s is expected to go for at least $50 million.

Owner Yoel Goldman guaranteed Brooklyn Bowl and Brooklyn Brewery that the sale would not affect their leases, which expire in 2021 and 2025, respectively, according to Crain’s. The new owner may look to buy the tenants out of their leases, however, in order to pave the way for new development.

Future developers could construct 70,000 square feet of hotel, office or retail space at 61-71 Wythe Avenue, as well as an additional 100,000 square feet in the form of a community space zoning allowance, Crain’s reports.

Wythe Avenue has experienced dramatic transformation though a development boom sparked by the area’s sweeping 2005 rezoning. [Crain’s] – Rey Mashayekhi