Christie Rizk writes in this week's Brooklyn Paper that it's possible the recently closed St. Charles Borromeo School is a prime target for condo conversion:
Given the value of the building — and given how the so-called Borough of Churches is quickly becoming the Borough of Church Condos — it’s clear how easily the Diocese could fill the collection plate by selling. The building itself is in the Brooklyn Heights historical district — a landmark zone where all the buildings possess historical value. It’s what we all love about the Heights. Any changes to the exterior would have to be approved. But the Diocese can sell the building to whomever it wants, and that person can do whatever he wants on the inside. It’s hard to tell what the building might go for without knowing what the ultimate use might be,” said Brian Leary, a partner at the Massey Knakal real estate firm. “But the area is extremely desirable, and the fact that it’s in a historical district raises the value.” I also found out that a townhouse across the street recently sold for $4 million. And since the school is about the width of three townhouses, all I can say is: Cha-ching.
