Brooklyn Lyceum Slated for Auction


    The Brooklyn Lyceum on 4th Avenue and President Street on the border of Park Slope and Gowanus is headed for a foreclosure auction. The café and theater space in the former bath house is facing a lien of over $5 million. The property is owned by an LLC run by Eric Richmond who converted it to a cultural space in the 1990s–it now has three separate stages. According to The Real Deal, the lien consists of four separate mortgages taken out between 2003 and 2006. The building was a public bathhouse from 1908 until 1937 and re-opened as a city-run gymnasium in the 1940s before closing in the early 1970s. It was then used by a transmission repair business. It was placed on the National Register for Historic Places in 1985, and had been landmarked a couple of years prior to that. The building is scheduled to be auctioned on February 28 at 360 Adams Street in Brooklyn.

    Brooklyn Lyceum Building to Hit Auction Block [The Real Deal]
    Building of the Day: 227 Fourth Avenue [Brownstoner]

    Photo via PropertyShark

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