NH Investment & Securities Under Contract to Buy The Dime for $158M

Korean investment firm NH Investment & Securities is under contract to buy The Dime Residences in Williamsburg, Brooklyn, for $157.5 million, according to sources familiar with the transaction.

The sale does not include the retail (the landmarked bank building). This is the second big residential sale in Williamsburg in the past couple of weeks – given where rents are going, not surprising I guess.

So Long, Tops

From YIMBY, word that one portion of the Tops Supermarket has a date with a wrecking ball. The 4-story mixed-use building (part of the Lee portfolio), which looks like it dates to the 1860s or so, will be demolished to construct a smaller 2-story commercial structure.

Interesting that there is no residential play here – just commercial.