The Real Deal New York

Hello Living scraps plans for Flatbush tower

Developer listing site at 1580 Nostrand Avenue that it bought last year
July 29, 2015 05:25PM

Eli Karp’s Hello Living listed the site of a planned 23-story residential development at 1580 Nostrand Avenue in Flatbush for $28 million, just one year after purchasing it for $13 million.

Hello Living’s plans for the site, which have already been approved by the city, called for 153 apartments and a two-story walk-in medical facility, according to the New York Daily News. The total square footage would be around 238,000.

Renderings leaked in March revealed a wedge-shaped, step-ladder design for the building, though the developer said the pictures did not accurately reflect its plans.

Cushman & Wakefield’s Stephen Palmese is the listing broker. [NYDN] — Tess Hofmann