123 Linden Blvd.

Not sure if this building has a thread here, but here's a new one. 

According to the Facebook PLG neighbors group (take it for what it's worth), 123 Linden has just sold to a developer. 

Beautiful Colonial Revival building, sits on 2 acres, National Register of Historic Places but not a NYC landmark, currently the offices of Mathieu Eugene, etc. 

It's been on the market for a while at $20m. Looks like a developer can build about 250k sq ft as residential or slightly more if a community center. As residential, according to what I understand of zoning, that would be something like a 5 story, 250k sq ft building with maybe 300 rental apartments. That would make this one of the largest projects around here, on par with Hudson's 626 Flatbush or the new pair of projects at Clarkson and Nostrand. 

This is right off the intersection of Caton, Linden, and Bedford, where there are already 2 newish condo/rental buildings, 2 more in the works, in the place of Victorian tear-downs, 2 more projects on the next block of Linden, and several sales of large apartment buildings in the last month. 

What would a community center be? A 350k sq ft community center? That's huge. Would that include housing or just be a community center?

http://therealdeal.com/blog/2014/01/13/flatbush-site-with-rare-tax-abatement-asks-20m/

http://www.brownstoner.com/blog/2011/06/building-of-the-day-123-linden-boulevard/

Picture from brownstoner:




"What would a community center be? A 350k sq ft community center? That's huge. Would that include housing or just be a community center?"

I think you are confusing community center with community space. Developers are often able to build slightly larger residential buildings if they include community spaces, which are spaces (often on the first floor) which can only be rented out to certain types of businesses: day cares, schools, some types of health facilities, etc.

626 Flatbush included such space, and it will become a primary school of some sort.

BIG NEWS! 20 stories! 384 units! 

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=1&passjobnumber=321228603&passdocnumber=01

ssssssssssssuuuuuuuuuuuuuuuuuuuuuuuuucccccccccckkkkkkkkkssssssssssssss

How do we get our hands on those sweet Colonial Revival goodies that are headed to the dumpster?

Oh no! I really like that building. 

http://newyorkyimby.com/2015/11/20-story-building-planned-at-123-linden-boulevard-in-flatbush.html

The building will survive.   They are just going to build in front of it.

...you just won't be able to see it.

Yuck. 

The Yimby story is wrong. The diagram from the builder clearly shows the 1980s building in back is the one that will be preserved, not the 1918 one in front. 

this is such a huge bummer. not just that we're losing a great building, but that it's being replaced by a brutalist behemoth that would be a t home in communist east berlin. ugh. what is wrong with people?

The deal closed for $18.5 million. 

http://therealdeal.com/2016/03/14/heres-what-the-10-20m-nyc-investment-sales-market-looked-like-last-week/

"2.) Brooklyn investors Solomon Feder and Israel Neiman closed on the purchase of a former nursing home in Flatbush. The pair paid $18.5 million for 123 Linden Boulevard from the New York Congressional Center for Community Life, and plans to replace the four-story nursing home with a new 20-story residential buildings. The city’s Department of Buildings approved the developers’ for a 384-unit building spanning 376,507 square feet between Rogers and Bedford avenues."

...that is massive.

i'm still in huge denial about this bullshit