Brookland looking to flip Clinton Hill church a month after buying

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

TRD New York /
Sep.September 18, 2015 05:15 PM

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.


Related Articles

arrow_forward_ios
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate)

Jennifer Lawrence’s Upper East Side PH sold at 37% loss

Jennifer Lawrence’s Upper East Side PH sold at 37% loss
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
111 Leroy Street and 817 Fifth Avenue (StreetEasy, Google Maps)

Luxury deals plummet in Manhattan — again

Luxury deals plummet in Manhattan — again
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...