Brooklyn Bowl, Brooklyn Brewery warehouse hits the market

35,000-square-foot building expected to retrieve at least $50 million

TRD New York /
Apr.April 16, 2015 05:15 PM

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

Related Articles

329 Broadway and JLJ CEO Jonathan Lewis (Credit: Syndicate Architecture via CityRealty, Google Maps)

Williamsburg developer lands $57M refi to complete 329 Broadway

100 South 4th Street in Brooklyn

Meadow Partners sells W’Burg rental
for $61M

Joseph Chetrit and 500 Metropolitan Avenue

Chetrit Group lands $133M refi for Williamsburg resi, hotel project

image of menachem stark and mugshot of erskin felix

Second man convicted in gruesome murder and kidnapping of Williamsburg landlord

Williamsburg market rebounds after reversal of L train shutdown

Lightstone kicks off Opportunity Zone fund with hotel project in Williamsburg

Hampshire picks up Williamsburg waterfront site for $50M

Investors make offers on Toby Moskovits’ Williamsburg Hotel: report