Brooklyn, NY Greenbrook Partners, a privately-held, vertically integrated real estate operating and investment company headquartered in New York City, has completed a transformative residential project at 538 Carlton Ave. in Prospect Heights. The project marks the company’s latest contribution to the supply of high-quality housing in the city. Greenbrook has invested over $400 million in the area to date, turning over 100 vacant or neglected properties into modern, sustainable homes that deliver what today’s renters want and need.
The property at 538 Carlton Ave., previously a vacant, deteriorating, former rectory for the Bethel Baptist Church, has undergone a gut renovation completed over 12 months without any government subsidies. This redevelopment included converting dormitory style housing into four modern, functional, family-sized apartments consisting of three-bedroom units with private and shared outdoor spaces.
Greenbrook Partners also focused on reducing the property’s carbon footprint and adding to the neighborhood’s portfolio with modern, sustainable homes, by switching from gas to electric heating systems, the installation of LED lighting, the implementation of low-flow water fixtures, the creation of multiple green spaces, and more.
“We are thrilled to bring 538 Carlton Ave. back to life, 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 Fred LeCao, 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 high-quality and professionally managed apartments to supply constrained areas,” said Greg Fournier, managing principal of Greenbrook Partners.
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