The Real Deal New York

Salvation Army to sell Clinton Hill building for $30M

70K sf property could be redeveloped as residential

April 13, 2015 12:35PM

22 Quincy Street

22 Quincy Street in Clinton Hill

The Salvation Army is in contract to sell its roughly 70,000-square-foot building at 22 Quincy Street in Clinton Hill for around $30 million.

The four-story property, a former warehouse and stable, found a buyer last week. The in-contract price of the off-market deal was in the range of the building’s asking price.

While the buyer was not revealed, there were multiple bidders for the property, according to Brownstoner.

The building already exceeds its floor area ratio (FAR), so demolition is unlikely. Sources told Brownstoner it will likely be redeveloped into a residential building.

The Salvation Army came under fire from New York Attorney General Eric Schneiderman’s office last year for listing an Upper West Side property used for senior housing. [Brownstoner] – Rey Mashayekhi