Project Profile

The Exchange Building

984

Jobs Created

$16,573,268

Tax Impact

$41,697,667

Income Generated

$56,645,186

GDP Added

$110,904,649

Output Generated

The Exchange Building, located in Brooklyn, New York, was originally built in 1905. Over the years, the building has been an integral part of Brooklyn’s infrastructure, originally serving as the New York and New Jersey Telephone Exchange, which played a crucial role in advancing telecommunications in the early 20th century. Designed by architect Alexander MacKenzie in the Italian Renaissance Revival style, the building became a symbol of innovation and progress in the Stuyvesant Heights neighborhood. Now repurposed, it serves as a luxury residential and commercial space, offering 40 luxury apartments and 1,250 square feet of ground-floor commercial space. Through the federal and State of New York Historic Rehabilitation Tax Credit (HTC), The Exchange Building supports the growth and well-being of the Brooklyn community, ensuring its legacy remains a vital part of the city’s future.

Tax Credit Type:
Federal State
Address:

601-619 Throop Ave
Brooklyn, New York 11216

Contact us for more information about impact investing, federal and state tax credits.