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New York

Louis Greco to convert nonprofit’s Brooklyn headquarters

Brooklyn Community Services will own 17,000-square-foot office condo in 14-story building

From left: 285 Schermerhorn Street and Brooklyn Community Services' interior
From left: 285 Schermerhorn Street and Brooklyn Community Services' interior

Nonprofit group Brooklyn Community Services and developer Louis Greco have reached an agreement to convert the organization’s seven-story property at 285 Schermerhorn Street into a residential building.

Greco plans to build a 14-story structure at the site. The building will house 100 apartments as well as a 17,000-square-foot office condominium, according to the Wall Street Journal.

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Brooklyn Community Services will own the office condo, according to the newspaper. Greco’s Second Development Services will own the apartments.

The value of the building is around $20 million, according to the Journal. [WSJ] — Claire Moses