Greenbrook Partners Completes $6 Million Renovation Project, Converting Former Vacant Convent into Sustainable Apartments in Brooklyn

The project marks the latest in a $400 million+ investment by the firm to transform vacant Brooklyn buildings into modern homes, helping to address New York City's housing shortage

BROOKLYN, N.Y., April 30, 2025 /PRNewswire/ -- Greenbrook Partners, a privately-held, vertically integrated real estate operating and investment company headquartered in New York City, announces the completion of a transformative residential project at 235 Prospect Park West in Park Slope, Brooklyn. The project marks the company's latest contribution to the residential landscape, having now invested more than $400 million in the region to date, revitalizing over 100 vacant or neglected properties into modern, sustainable homes.

The property at 235 Prospect Park West, an aging, vacant, former convent, has undergone a comprehensive renovation completed without government subsidies. This redevelopment involved converting a historic 1910-vintage building with 20,000 square feet of dormitory-style housing into 15 thoughtfully designed residences consisting of one, two and three-bedroom apartments with contemporary details and access to rooftop terrace space.

In addition to creating functional, affordable and sustainable homes for the neighborhood, Greenbrook focused on reducing the property's carbon footprint by switching from gas to electric heating systems, installing LED lighting, implementing low-flow water fixtures and creating multiple rooftop green spaces. The building was also transitioned from a tax-exempt religious property to a taxable entity generating over $120,000 of new annual property tax revenue for New York City.

"We are thrilled to reactivate 235 Prospect Park West, marking the completion of a project that adds valuable housing stock to Brooklyn and demonstrates our commitment to sustainability and the vibrancy and economic health of the community," said Gregory Fournier, Managing Principal of Greenbrook Partners. 

"We strive to be part of the solution to the housing shortage in New York City by reactivating obsolete buildings, and adding affordable, sustainable, and professionally managed apartments to supply constrained areas," said Fred LeCao, Principal of Greenbrook Partners.

For more information, visit www.greenbrookre.com.

About Greenbrook Partners
Greenbrook is a vertically integrated real estate investment manager. Since inception, the Company has invested over $2 billion in the multifamily sector. With approximately 400 buildings, including market rate and affordable apartments, Greenbrook is one of New York City's premier multifamily investment firms. Greenbrook generates attractive investment returns while revitalizing vintage buildings that comprise much of the City's housing stock. Greenbrook does this by maintaining a disciplined investment approach, employing extraordinary people, and leveraging purpose-built technology and a proprietary data infrastructure. Further information is available at www.greenbrookre.com.

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SOURCE Greenbrook Partners