Hope Street Capital Acquires Development Site In Crown Heights From Northeastern Conference Of Seventh-day Adventists For $25.8M

A development site located at 920 Park Place in Crown Heights, Brooklyn has been sold for a total of $25,845,000. The property spans a square footage of 119,445, resulting in a price per square foot of $216. The sale took place on January 20, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $25,845,000
• Address: 920 Park Place
• Market: Crown Heights

The buyer of the property is Hope Street Capital, while the seller is the Northeastern Conference of Seventh-day Adventists. The transaction was facilitated by Roget Lerner, Steve Bodden, and Jack Lerner of Ecclesiastical Realty & Sanchez Bodden Lerner, who represented both parties in the deal.