Bed-Stuy's beautiful 109-year-old bank building has reemerged as 49 rentals. The 1907-built Roosevelt Savings Bank on Gates Avenue near Broadway was picked up by developer Kai Construction in October 2014 with plans to convert the lovely Beaux-Arts building by adding four interior floors to the existing structure plus a rooftop addition.
The apartments stealthily hit the market in early May. The building's 36 studios are asking from $1,895 to $2,150, its 10 one-bedrooms are all asking $2,150, and its three two-bedrooms, now all rented, were asking $2,800 and up.
The most unusual feature of the Brooklyn-Roosevelt, as the building's been dubbed, is its "bike vault," which is exactly what it sounds like. The vault of the former bank building has been reappointed as a bike storage facility for tenants, and joins other amenities like on-site laundry, parking (an additional $200/month), refrigerated storage, a gym, a 12-seat theater, co-working space, a cafe, and a 24-hour doorman.
The bank building was designed in the early 1900s by Helmle, Huberty & Hudswell, the architects behind Prospect Park's Boat House and the Bossert Hotel in Brooklyn Heights. As a part of its transformation, the developer removed the building's original rotunda—but such is the price for historic buildings not protected by landmark status.
Move-ins begin in June. Here's what to expect: