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Deals & Dealmakers

Former El Greco Diner branch in Brooklyn being rebuilt as luxury condos

1821 Emmons Avenue, former home to El Greco Diner, is back on the market after the diner closed down almost a year ago.

The Sheepshead Bay eatery was a neighborhood institution ever since it opened in 1974, but followed in the trend of New York City diners disappearing.

The site is being developed as a high-end eco-friendly LEED targeted condominium building with 22,000 s/f of ground-level retail space now available for lease through the CPEX Real Estate Brooklyn Retail Leasing Team.

Located at the base of a 58-unit luxury residential building with a roof-top pool, the commercial space is divisible into up to nine units, ranging in size from 623 to 3,862 s/f. The space will also feature outdoor seating.

CPEX’s Retail Leasing Team, consisting of managing director Ryan Condren, associate director George Danut, and associate Keat Chew, are exclusively marketing the available retail.

Targeted uses include cafés, restaurants, fitness, and juice bars. The space will be available for possession in 2017.

“We are very excited to have the opportunity to market the retail at this location,” said Condren.

“With the property’s 9,000 s/f public plaza, waterfront views, and tremendous retail co-tenancy, we are looking forward to bringing retailers to the table that will take advantage of this unique space and vibrant corridor.”

The property was sold at the end of 2014 for $13 million and was demolished earlier this year to make way for Rybak Development’s eight-story luxury residential building.

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