Park Slope's Grand Prospect Hall Sold In $30M Deal: Report

Park Slope NY

16 July, 2021

10:49 AM

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PARK SLOPE, BROOKLYN — Park Slope's historic Grand Prospect Hall has changed hands after four decades, according to reports. The banquet hall, which has stood on Prospect Avenue since 1892, was one of 12 properties recently sold to electrical contractor Angelo Rigas in a $30-million deal, the Real Deal and PincusCo first reported. The 12 properties, all found between Fifth And Sixth avenues on Prospect Avenue, combine to form more than 73,000 square feet of space, according to the outlet. It is unclear what Rigas has planned for the sites. The sale is the first time Grand Prospect Hall has changed owners since the 1980s, when Michael and Alice Halkias bought the four-story venue, according to reports. The building has been shuttered since Michael Halkias died of coronavirus complications during the pandemic, the Real Deal reported. Grand Prospect Hall, which is on the National Register of Historic Places, is known for its appearance in movies, photoshoots and local commercials. Read more about the sale here.