The best quote to walk away with..."Nostrand is the new Franklin Ave, after all"
“Hudson is very happy with the purchase and thrilled to continue developing in Prospect Lefferts Gardens, a neighborhood we love,” said Joseph Kohl-Riggs, the director of acquisitions at Hudson, in prepared remarks. “Transit access is excellent, with the 2 and 5 trains two blocks away and the new Select Bus on Nostrand Avenue. We’re also excited about the corner retail here—Nostrand Avenue is the new Franklin Avenue, after all.”
Phase 1 of the new residential development will include 170 apartments and Phase 2 will have 250, according to CPEX.
“We have been advising the family for more than 10 years and the timing for this transaction worked out perfectly,” said Mr. Leary in a statement. “Our clients were able to capitalize on the demand for new housing in Brooklyn. Prospect Lefferts Gardens has some of the best housing stock in terms of pre-war buildings in all of Brooklyn, but there has been little new stock added to the market. We have watched values and demand in this neighborhood consistently rise year over year.”
310 Clarkson rendering