Although Long Island College Hospital officially became a part of the SUNY Downstate system a couple weeks ago, the state’s purchase of LICH’s sizable real estate holdings didn’t hit public records until Friday. All told, SUNY paid $205,350,000 for 18 separate LICH properties owned by Continuum Health Partners, the bulk of which are in Cobble Hill. The largest acquisitions were of the main LICH buildings at 339-37 Hicks Street ($66,690,000), 328-346 Henry Street ($44,310,000), and 348-352 Henry Street ($29,910,000). SUNY now also controls a bunch of other smaller properties that Continuum owned, like apartment buildings at 43 Columbia Place in the Heights, which cost $2,400,000, and 336 Flatbush Avenue in the Slope, which went for $700,000.
LICH is Resuscitated [Brownstoner]
A real estate firm named JEMB Realty bought a parking lot in downtown Brooklyn for $38,464,188. If that seems like a staggering amount to pay for a parking lot, well, it’s located at 420-428 Albee Square, right across the street from City Point. It’s got 185,000 buildable square feet, The Real Deal reported. That works […]
On a chilly day in late November, 1905, thirty-six year old Benjamin F. Chadsey was taken to the Raymond Street Jail in Brooklyn. He had been brought back to New York from Indiana after being on the run for two years. In 1903, he faked his suicide, and disappeared on the evening before he was […]
After noticing some trendy restaurants and a rise in development sales in Bay Ridge, DNAinfo wonders if it could be the next hip neighborhood with a real estate boom. Bay Ridge had 20 percent of the new development sales in the first quarter of 2014, the most of any neighborhood, according to MNS’ latest report. […]
J.Crew plans to open a store in a warehouse on Wythe Avenue and North 4th Street in Williamsburg, above, according to sources quoted in Crain’s. So Williamsburg may end up being the brand’s first Brooklyn store after all. Last year, it said it planned to open at 151 Court Street in Cobble Hill early this […]
Brooklyn is slated to lose a number of its wood frame houses to development this year. Often these houses are some of the oldest in the borough, although they may not look like much, at least from the outside. Just like so many other aging wood frames in Brooklyn, this little house on Chauncey Street […]