The Real Deal New York

Brookland looking to flip Clinton Hill church a month after buying

Developer moves ahead with 21-unit resi conversion at 257 Washington Avenue

September 18, 2015 05:15PM
By Rey Mashayekhi

From left: Boaz Gilad, 257 Washington Avenue in Clinton Hill and Melissa Warren

From left: Boaz Gilad, 257 Washington Avenue in Clinton Hill and Melissa Warren

Brookland Capital is shopping around a Clinton Hill church it recently purchased and is planning to convert into a 21-unit residential development with apartments and brownstones.

The Bedford-Stuyvesant-based developer acquired the site of the now-shuttered St. Luke’s Evangelical Lutheran Church of Clinton Hill at 257 Washington Avenue for about $9 million in August. Now, it is on the market for $12 million.

The block-through property, located between DeKalb and Willoughby avenues, features a total of 32,000 buildable square feet that Brookland is planning to convert into 16 apartments, ranging from one- to three-bedrooms, and five brownstones ranging in size from 3,100 to 3,800 square feet.

But the developer has retained a TerraCRG team led by Melissa Warren to market the property while it moves forward with the planned conversion. The church, which is located in the landmarked Clinton Hill Historic District, closed its doors in summer 2014, and Brookland’s redevelopment of the site would require approval from the Landmarks Preservation Commission.

“My intention is to develop [the property], but we have a lot of stuff on our plate and we’d be happy for the right price to walk away from it,” Brookland Capital co-founder Boaz Gilad told The Real Deal.

Brookland has retained Chelsea architecture firm ROART to design the conversion, Gilad added, noting that the redevelopment aims “to keep the beauty and historical relationship of the architectural design.”

Renderings and additional details for Brookland’s 11-story condo project at 550 Fourth Avenue in Park Slope were released earlier this year.