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# New Condos Slated For Former Brooklyn Heights Dormitory
- URL: https://bklyner.com/new-condos-slated-former-brooklyn-heights-dormitory/
- Published: 2017-06-01T16:15:08.000Z
- Updated: 2017-06-01T15:57:27.000Z
- Author: Pamela Wong
- Tags: Nonsponsored, North Western Brooklyn, Real Estate, 67 Livingston Street, Brooklyn Heights, Glory Capital, Josh Schuster, Silverback Development, #wp

![](/content/images/wp-content/uploads/2017/06/67-Livingston-Street_PropertyShark_Scott-Bintner.jpg)

67 Livingston Street (Photo by Scott Bintner via Property Shark)

Silverback Development, along with a group of investors based in Great Neck, Long Island, recently purchased 67 Livingston Street in Brooklyn Heights from [Glory Capital](http://www.glorycap.com/?ref=bklyner.com) for $30 million.

The 50,000-square-foot building formerly served as a dormitory for students of the Art Institute until last year. [Silverback Development](http://www.slvrb.com/?ref=bklyner.com)‘s Josh Schuster will lead the project that will convert the dorms into 23 condo units spanning 29 floors, according to [The Real Deal](https://therealdeal.com/2017/05/30/josh-schusters-silverback-to-lead-conversion-of-brooklyn-heights-dorm/?utm%5Fsource=feedburner&utm%5Fmedium=feed&utm%5Fcampaign=Feed%3A+trdnews+%28The+Real+Deal+-+New+York+Real+Estate+News%29). The residences will consist primarily of two- to three-bedrooms with price tags ranging from $2 million to $3 million.

67 Livingston Street was [previously owned by the Jehovah’s Witnesses](https://therealdeal.com/2017/01/24/glory-capital-to-sell-29-story-former-bk-heights-dorm-for-30m/?ref=bklyner.com) who sold the property to Glory Capital in 2007 for $18.6 million.

Schuster launched Silverback Development last summer. This will be the firm’s first project in Brooklyn.