Owner JPMorgan Chase has decided to put one of its prime bank branches up for sale: The historic Dime Savings Bank at 9 DeKalb Avenue in Downtown Brooklyn. The 1908 Classical building looks like a Roman temple and sits next to Junior’s in a major development spot in Brooklyn that is currently seeing tons of high-rise construction.
The building is landmarked, so it will not be torn down or altered for development. No asking price has been named, but real estate insiders speculated it could fetch $100,000,000 or more, mostly for its valuable air rights, Crain’s reported.
Chase will move to 490 Fulton Street. The building would make a great event space, or possibly Apple might be interested in opening a store there, sources speculated to Crain’s. Massey Knakal is marketing the listing.
A planned tower at 340 Flatbush Avenue Extension could use the landmark’s 285,000 square feet of development rights to build an even bigger tower. The 100,000-square-feet bank has a gold dome on top; inside is a rotunda with giant marble columns, offices on the second floor, and an underground floor with vaults and a firing range. It was a Building of the Day in 2012.