The Long Island College Hospital in Cobble Hill is set to close, and real estate experts are already predicting how much it could sell for or how profitable it would be as a residential development. The 200,000-square-foot complex consists of five buildings, plus a parking structure, and councilman Brad Lander estimated that it could sell for $500 million. The property is already zoned for residential, so it could be converted as of right. Interesting! [Crain's; previously]
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