Former Park Slope Gym Will Shape Into Condos, Retail In $6.45M Deal

PARK SLOPE, BROOKLYN — An old Park Slope bank-turned-gym is about to make another transformation.

Developers sealed a $6.45 million deal to buy the former Body Reserve Gym building at Fifth Avenue and Union Street, real estate brokers announced this week.

The sale paves the way for a mixed-use development in the 207 Fifth Ave. building that will include street-level retail space and seven condominiums, according to Cushman & Wakefield, the firm that brokered the sale.

“207 Fifth Avenue presented investors with the unique opportunity to acquire a development site with approved plans on a prominent retail corner in the coveted Park Slope neighborhood,” said Daniel O’Brien, the firm's executive managing director, in a statement.

“The property’s ideal location provides easy access to the surrounding neighborhood amenities including Prospect Park and the Union Street R train station.”

A representative for Cushman told Patch the existing building will remain.

Longtime Park Slopers likely will recognize the building as the now-empty location of Body Reserve Gym.

The family-run gym had operated for three decades before it closed in 2018, Bklyner reported.

The closure left a vacant building in what's an otherwise-bustling intersection, of which Union Hall, Associated Supermarkets and several other businesses are nearby.

The developers with Red Rock Investments plan for a 20,504-square-foot space on the site, according to a release.