259 Banker Street (you remember it as the former home of nightclub Studio B) has sold, and it doesn’t look like it is coming back as a nightclub. According to Curbed, the sales price was $2 million, which sounds cheap for a building of this size and in this location. But it is zoned for manufacturing and within the Greenpoint-Williamsburg IBZ, both of which severely limit the development potential.

Brooklyn Paper has the word on the buyer – Matthew Day Jackson. (via L Magazine).