Former Bank Building in W’burg Asks $35M

Source: Commercial Observer

The owner of the former Lincoln Savings Bank branch in Williamsburg has put the property on the market for $35 million, Commercial Observer has learned. The building, at 525 Broadway on the northeast corner of Boerum Street and Broadway, is comprised of an 60,300-square-foot office building with an additional 13,000 square feet of parking. It can accommodate approximately 189,150 buildable square feet. The private owner purchased the building, which has 400 square feet of frontage wrapping around Broadway and Boerum Street, for $13.4 million in 2007, property records indicate. Read full story

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