Brookland Assembles Park Slope Development Site for $7.4M

Source: Commercial Observer

Brooklyn-based Brookland Capital has scooped up a Park Slope development site at 550-554 Fourth Avenue at the corner of 15th Street from three different sellers for $7.4 million.
Brookland is plannning to erect a new 13-story condominium with 45 residential units plus retail on the ground floor at the site, said Boaz Gilad, a partner with Brooklyn Capital. The developer hired New York-based architecture firm Roart to design the building. Twenty percent of the condo units will be affordable, Mr. Gilad said. Read full story

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