1391 Bedford Avenue (at St. Marks)

I walked by this site recently, and wondered why it had not been developed yet.

Tonight, I did some digging and discovered (as a result of the Brownstoner articles linked below) that it is owned by a nearby church.

In my mind, this partially explains why it has been slow to be developed: Such properties are tax exempt.

http://www.brownstoner.com/blog/2013/03/past-and-present-the-st-marks-avenue-hotel/

http://www.brownstoner.com/blog/2011/06/building-of-the-day-1391-bedford-ave-2/