JLL Capital Markets arranged the $55-million sale of 441–467 Prospect Ave., a residential development site in Brooklyn’s Park Slope neighborhood. The team of Mike Mazzara, Ethan Stanton and Brendan Maddigan represented Arrow Linen Supply Company in the sale and negotiated directly with the buyer, Goose Property Management.
The site occupies two lots on the north side of Prospect Avenue between Prospect Park West and Eighth Avenue, near Prospect Park and the 15th Street–Prospect Park subway station. The site offers 271,000 square feet of potential zoning floor area for residential development.
A spokesperson for Arrow Linen said, “Arrow Linen has been proud to call Brooklyn its home since 1947. Recently, after the unexpected passing of our CEO and majority shareholder, the remaining shareholders elected to longer be part of the site’s development. We are confident that the new team will bring badly needed homes, including affordable homes, to Brooklyn.”
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