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Williamsburg Home of Brooklyn Brewery, Brooklyn Bowl Sells to Developer

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The building reportedly sold for $37 million

After more than a year on the market, it looks like the Williamsburg building that’s home to two of the neighborhood’s most popular destinations—the Brooklyn Brewery and Brooklyn Bowl—finally found a buyer.

According to the Real Deal, the 29,000-square-foot warehouse was snapped up by Atlas Capital Group, and though it was initially expected to fetch up to $50 million, it went for a slightly lower $37 million. Atlas is the developer behind such high-profile projects as the redevelopment of St. John’s Terminal in Lower Manhattan, and the pricey Annabelle Selldorf-designed condos at 42 Crosby Street.

According to TRD, "sources said the Midtown East-based real estate investment firm is likely to eventually reposition" the two-story building, which comes with the potential of nearly 69,000 square feet of buildable space. But even with the sale, the two businesses won’t be going anywhere for a while: Brooklyn Bowl’s lease won’t expire for another five years, and the Brewery’s is good through 2025.

As TRD notes, the Brewery is in the process of expanding to a new, enormous space in the Brooklyn Navy Yard, where it’ll join other New York businesses like Russ & Daughters and Mast Brothers.

Brooklyn Brewery

79 North 11th Street, Brooklyn, NY 11249 (718) 486-7422 Visit Website