Stephen Palmese Of Integritas Capital Purchases 170-Year-Old Monastery Campus In Brooklyn For $42.25M

A mixed-use property located at 8902 Ridge Boulevard in Brooklyn has been sold. The asset, which previously served as a 170-year-old Visitation Sisters monastery campus in Bay Ridge, was acquired for a sum of $42.25 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $42,250,000
• Buyer: Stephen Palmese - Integritas Capital; 1137 91 LLC
• Seller: Sisters of the Visitation
• Date of transaction: 08/11/2026

The transaction was led by Stephen Palmese, who is the founder of Integritas Capital. The sale illustrates a collaboration between developers and investors, with the transaction involving a notable asset historically tied to the Visitation Sisters.