Compiled by Linda Collins
Brooklyn Daily Eagle
FORT GREENE — Eastern Consolidated reports it has the exclusive listing on 31,856 square feet of commercial condominium space at One Hanson Place, Brooklyn’s tallest building, more commonly known as the Williamsburgh Savings Bank, currently undergoing conversion to residential condominiums on its upper floors.
The medical office condominium space consists of 15 suites on seven floors with a value set at $17 million, according to Ronald Solarz, executive director, who is part of an Eastern Consolidated sales and marketing team that includes directors Eric Anton and David Schechtman, and financial analyst Jared Toothman.
Solarz told the Eagle that bids are due at the Manhattan offices of Eastern Consolidated by 3 p.m. on Wednesday, May 30.
The sale includes portions of floors 1-6 and the entire seventh floor, according to Solarz, who said the condos are brand new, of high quality, just recently constructed by the developers, and not exclusively for medical office use.
He also said that the overall commercial space in the building is 70 percent occupied.
As previously reported, the bank building was the home of a host of dentists, many of them family firms that had been in their offices for many years. There was some concern expressed when the conversion project was first announced that they would all be evicted, but the developer, The Dermot Company, agreed to set aside space on the lower floors for those who wanted to stay.
“No one’s being displaced,” said Solarz, adding that Dermot ownership has achieved rents of up to $65 per rentable square foot on new leases.
The office condominium features its own entrance at the northwest corner of the building at Ashland Place, its own ADA-compliant lobby and two dedicated passenger elevators.
“Acquiring the medical condominiums at One Hanson Place represents an extraordinary opportunity to own a commercial condo block of suites in one of the most highly visible new mixed-used developments in Brooklyn,” said Anton.
Added Solarz, “It doesn’t get any better than this, location-wise.”
© Brooklyn Daily Eagle 2007
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