The Real Deal New York

Brooklyn Hospital Center’s Maynard Building back on the block

Cushman & Wakefield is marketing the 21-story, 151K sf property
March 29, 2016 10:30AM

240 Willoughby Street on the border between Fort Greene and Downtown Brooklyn (Credit Cushman & Wakefield)

240 Willoughby Street on the border between Fort Greene and Downtown Brooklyn (Credit Cushman & Wakefield)

The Brooklyn Hospital Center is once again putting a 21-story, around 151,290-square-foot, mixed-use property across from Fort Greene Park on the market.

Cushman & Wakefield is marketing the property, known as the Maynard Building, at 240 Willoughby Street, on the border of Downtown Brooklyn and Fort Greene.

The hospital is looking for a private developer for the property. A potential buyer could develop a taller building of up to approximately 331,500 buildable square feet with the transfer of unused development rights, according to Cushman’s marketing materials.

The site is located in an R6 zoning district, which allows for a residential as-of-right development, according to the materials.

Currently, the building houses an urgent care facility and doctor offices.

“We do know the market is very prime in Downtown Brooklyn,” Joan Clark, the hospital’s senior vice president of strategic planning, told DNAinfo. “We’re looking forward to getting the best possible offers from developers.”

The hospital, which hopes to sell the building this year, will use the money from the sale for a new urgent care center and renovations at its main campus, Clark said.

Brooklyn Hospital Center issued its first request for proposals for the building in 2014, according to DNAinfo. It will lease the building while it constructs a new center, Brooklyn Paper reported.

Meanwhile, Fortis Property Group is moving ahead with plans to demolish the Long Island College Hospital site in Cobble Hill, potentially rezone the parcels and construct several large towers and a new NYU medical facility.  [Brooklyn Paper and DNAinfo]Dusica Sue Malesevic