Two in Contract at Formerly Dilapidated Factory on Broadway in South ‘Burg

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We were amazed to see the spiffy new look at 156 Broadway when we happened by recently during a snowstorm. Brookland Capital has been remaking the dilapidated 19th century building, at one point a cabinet factory, for about two years.

The first three units, out of a total of eight, went on the market in late December. Then three more listings went up two weeks ago, and now two of the units are in contract.

The units are pricey, but they look good. They are all studios, but with unusual double-height ceilings and lofted bedrooms. The four units on the second floor have two levels and the four units on the top floor have three levels.

The firm does not typically develop in Williamsburg, where prices are among the highest in the borough. Brookland Capital purchased the building in 2012 for $2,650,000. The asks for the units range in price from $750,000 to $985,000.

Curbed wrote about the building when sales launched in December. Bel Air Design Group is the architect.

Click through to see what the building looked like before. What do you think about the transformation of the exterior?

156 Broadway, #3C [Aptsandlofts.com] GMAP
Condo Conversion of Long-Derelict South Williamsburg Building Almost Done [Brownstoner]

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