Brooklyn Heights

Condo conversion of Brooklyn Heights Cinema moves forward

Eye on Real Estate: Two units at 70 Henry St. are in contract

March 7, 2018 By Lore Croghan Brooklyn Daily Eagle
Here's what the exterior of 70 Henry St. will look like. Rendering by Familiar Control
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Under the scaffolding where the Brooklyn Heights Cinema stood for 44 years, a condo development is taking shape.

Remember 70 Henry St., the Brooklyn Heights Historic District building where the movie house was a tenant for so long?  

The red Philadelphia brick exterior of the old theater is being incorporated into a five-story, five-unit residential building with 1,500 square feet of retail space by JMH Development in partnership with Mettle Property Group.

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Readers with long memories will recall that during the project’s initial phase a few years ago, JMH Development’s partner was named Madison Estates.

Since then, Madison Estates spun off its development division into a company called Mettle Property Group.  

Anyway. The other day we got word from 70 Henry’s publicist that two condos there are in contract.

According to StreetEasy.com, the asking price for a four-bedroom unit that’s in contract was $4.95 million and a three-bedroom condo that’s in contract had a $2.85 million asking price.

The publicist mentioned the asking prices for the three currently available residential units:

* A penthouse with a private roof deck for $5.25 million

* A triplex maisonette with an entrance of its own on Orange Street and private gardens for $4.85 million

* A full-floor apartment for $4.45 million

The developers expect to complete 70 Henry’s construction this summer, the publicist said via email.

 

A butcher shop built in 1895

Morris Adjmi Architects drew up the 50-foot-tall condo-conversion design. The city Landmarks Preservation Commission (LPC) approved it in June 2015 after rejecting earlier designs by an architecture firm working for the property’s previous owner, Tom Caruana of Ridgeton Poultry Inc.

The current owners bought 70 Henry St. through an LLC from Ridgeton Poultry Inc. for $7.5 million in 2014, city Finance Department records indicate.

The building was constructed in 1895 and originally was a butcher shop, preservation consultant Ward Dennis said at the 2015 LPC hearing.

 


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