Developer Slate Property Group has snapped up the former Greenpoint Savings Bank (and more recently, Capital One branch) at 856 Washington Avenue in Prospect Heights for $6,500,000, according to public records. The elaborate early 20th century neo-Classical bank building is just under 6,000 square feet, but zoning allows a developer to build up to 40,000 square feet on the site.
If the building is going to be converted to apartments, we wonder if Slate will add extra stories to the top. The firm has residential projects all over Brooklyn, including three large apartment buildings under construction along 4th Avenue in Park Slope
The Capital One branch closed last fall, as a new one opened at the corner of Franklin and Eastern Parkway.
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