Building 127 at Brooklyn Navy Yard*

New York, NY

Building 127 at the Brooklyn Navy Yard was built in 1903 as a boat construction and repair facility for the US Navy. The Yard was in continuous operation until 1966, when it was decommissioned and then sold to the City of New York, who converted it to an industrial park, with mixed-success.  Between 2001-2011, Brooklyn Navy Yard began a now-$1-billion initiative to expand, restore, and invigorate the historic industrial complex.

The renovation of Building 127 addresses a gap in the local economic ecosystem by providing affordable and creative light manufacturing and office spaces in a beautifully refurbished modern industrial space. The renovated building comprises three single-unit floors of approximately 30,000 square feet each. The project scope included the restoration and replacement of existing windows, the installation of mechanical, plumbing, and electrical systems including necessary loading docks.

An essential community benefit to The Navy Yard is the fact that it operates the on-site Albert C. Wiltshire Employment Center (EC). This center places jobs-seekers in positions at tenant companies (and outside the Yard), and provides intake, recruitment, training, interview preparation assistance, and other job-related services.

The Navy Yard is deeply committed to its mission of fueling NYC’s economic vitality by creating and preserving quality jobs, growing the City’s modern industrial sector and its businesses, and connecting the local community with the economic opportunity and resources of the Yard.

This institution is an equal opportunity provider.

Quick Facts 

Square Footage: 95,000 SF

Total Investment: $47,155,353

Developer/Owner: Brooklyn Navy Yard Development Corporation

NMTC Equity Investor: Goldman Sachs

Allocatees: MBS Urban Initiatives CDE, NYC Regional Center, NYC Economic Development Corporation, Goldman Sachs, Dudley Ventures Community Investment

Architect: S9 Architecture & Engineering PC

Direct lenders: Goldman Sachs, Local Initiatives Support Coalition

Leverage lender: Building 127 LL, Inc.

Construction Jobs: 110 FTEs

Projected Permanent Jobs:  360 FTEs

Community Partner(s): NYCHA, Department of Education, Brooklyn Workforce Innovations, IMPACCT, St. Nick’s Alliance, City Tech CUNY, Brooklyn Chamber of Commerce, Restoration, SUNY BEOC