NEW YORK CITY-Brooklyn Law School has inked a contract with city-based BCN Development to sell the Beaux Arts building, a 12-story residence hall at 184 Joralemon St. in Brooklyn Heights, for an amount of $12 million. The 30,000-square-foot residence hall has been utilized as a student housing.
BCN Development has plans to change the residence hall into condos consisting of 24 double-bedroom units. The developer also has plans to invest up to $4 million to refurbish each apartments and the lobby. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
