Greenbrook Partners completes $6 million renovation project at 235 Prospect Park West

Brooklyn, NY Greenbrook Partners, a privately-held, vertically integrated real estate operating and investment company headquartered in New York City, has completed a $6 million transformative residential project at 235 Prospect Park West in Park Slope. 

The property at 235 Prospect Park West, an aging, vacant, former convent, has undergone a renovation completed without government subsidies. This redevelopment involved converting a historic 1910-vintage building with 20,000 s/f of dormitory-style housing into 15 designed residences consisting of one-, two- and three-bedroom apartments with contemporary details and access to rooftop terrace space.

In addition to creating functional, affordable and sustainable homes for the neighborhood, Greenbrook focused on reducing the property’s carbon footprint by switching from gas to electric heating systems, installing LED lighting, implementing low-flow water fixtures and creating multiple rooftop green spaces. 

The building was also transitioned from a tax-exempt religious property to a taxable entity generating over $120,000 of new annual property tax revenue for New York City.

“We are thrilled to reactivate 235 Prospect Park West, marking the completion of a project that adds valuable housing stock to Brooklyn and demonstrates our commitment to sustainability and the vibrancy and economic health of the community,’ said Gregory Fournier, managing principal of Greenbrook Partners. 

“We strive to be part of the solution to the housing shortage in New York City by reactivating obsolete buildings, and adding affordable, sustainable, and professionally managed apartments to supply constrained areas,” said Fred LeCao, principal of Greenbrook Partners.