Manhattan-Based Firm Buying Brooklyn Commune Building For About $5.5 Million

After we first wrote about the sale involving 601 Greenwood Avenue, which houses Brooklyn Commune, real estate broker Danny Duffoo, of Nestseekers International, let us know that the site is now under contract and should be closing in late spring or early summer.

The buyer is a Manhattan-based investment firm, though Danny can’t disclose the firm’s identity until after closing. The broker let us know that the final purchase price for the 13,000-square-foot mixed-use was close to the asking price of $5.5 million.

As we originally reported, Brooklyn Commune expects to be staying put after the sale.

“We certainly plan on staying – but until the sale of the building is finalized, I don’t have a definitive answer on what will happen,” Eugenie wrote to us. “Hopefully, we’ll be able to continue to be a part of and to serve the community as we’ve enjoyed doing over the past 5 years.”

What do you think the sale will mean for our neighborhood?