New York, NY A large-scale development site owned by New York Congregational Center for Community Life (NYCCS), was sold for $18.5 million. The property is located at 123 Linden Blvd., situated between Bedford and Rogers Aves. on the border of the Flatbush and Prospect Lefferts Gardens neighborhoods.
The site currently consists of a four-story institutional building containing 33,145 s/f most recently used as office space for several community-based organizations. The site allows for 248,949 residential buildable s/f or about 316,159 buildable s/f of community facility, along with additional development rights that were transferred from 135
Linden Blvd.
“We were honored to be able to help NYCCS monetize an underused asset, that will ensure the long-term viability of their core mission – operation of the adjacent New York Congregational Nursing Center,” said Cushman & Wakefield’s James Nelson who exclusively handled this deal along with Matthew Nickerson.
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