Brooklyn Lyceum in Park Slope Sells to Unnamed Buyer for $10 Million

Photo by Susan De Vries

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The Brooklyn Lyceum, a landmarked Beaux Arts former public bath at 227 4th Avenue in Park Slope, has been sold for $10 million to an unnamed buyer, seller Greystone announced today.

The developer purchased the historic structure in 2014, and also owns the property next door at 225 4th Avenue. They were able to transfer about 20,000 square feet of development rights from the Lyceum to the formerly empty lot next door and build bigger there. A 12-story luxury rental designed by Daniel Goldner Architects is currently under construction.

Photo by Susan De Vries

Photo by Susan De Vries

Initially, Greystone had planned to transform the Lyceum into luxury condos but scrapped the plans in favor of retail. There were rumors at one time that an Apple Store or Trader Joe’s would take over the space before Blink Fitness signed on as a tenant in 2015.

brooklyn development lyceum blink fitness park slope 227 4th avenue

Photo by Susan De Vries

Blink’s lease lasts until 2033, according to Crain’s, with the option to extend another five years.

Completed in 1910 and designed by Brooklyn architect Raymond F. Almirall, it was one of the last Brooklyn bath houses to be built. Created by the city, bath houses were meant to address public health concerns by providing access to hygienic facilities to largely immigrant neighborhoods without access to indoor plumbing.

brooklyn lyceum blink fitness park slope 227 4th avenue

The building in 1910. Image via Brick Builder

It became the Lyceum in the 1990s, a privately owned concert, gym and events space. The longtime owner struggled to hold onto the building, leaving the future of the site in limbo for years. He finally lost the property to foreclosure in 2014.

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