Brooklyn Law School is selling six of its student housing buildings in Brooklyn Heights.
Realtor Massey Knakal announced yesterday that the 114-year-old institution has put the residences, which, combined, could be valued at more than $41 million on the market — and is pitching them as a landlord’s dream.
“The opportunity to own 110 units, of which 90 percent are vacant, in Brooklyn’s most desirable neighborhood, does not come around often,” said Stephen Palmese, the agent handling the sale.
Brooklyn Law President Joan Wexler confirmed the shcool’s plan to sell the six locations, which include 89 Hicks St. between Orange and Pineapple streets, 18 Sidney Pl. at Livingston Street, 144 Willow St. between Pierrepont and Clark streets, 100 Pierrepont St between Henry and Clinton streets 27 and 38 Monroe Pl. between Pierrepont and Clark streets.
Wexler, who will soon leave the presidents office to become dean and president emeritus, refused to say why the school is selling off so many residences.
“Thank you so much, and I really don’t mean to be rude, but I haven’t really got anything else to say,” she said.
The school’s website still lists three different options for students seeking housing in the area. Unfurnished apartments can be had at 2 Pierreponte St. between Willow Street and Columbia Heights and apartments inside two attached brownstones at 148 and 150 Clinton St. at Livingston Street. Additionally, the school offers room for nearly 300 students inside the new Feil Hall, the once-controversial tower that raised the ire of residents when it was approved by the city back in 2002.
The school recently drew attention for offering a new accelerated, intensive two-year law degree in an effort to attract students who can’t afford to take three years off work. Like other law schools across the country, Brooklyn Law has seen its enrollment decline during the past two years.
These properties that are being sold were bought by the law school in the 1980s.Reach reporter Jaime Lutz at email@example.com or by calling (718) 260-8310. Follow her on Twitter @jaime_lutz.
©2013 Community News Group
By submitting this comment, you agree to the following terms:
You agree that you, and not BrooklynPaper.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynPaper.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.