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.