A narrow triangular block off Brighton Boulevard has a new owner.
Chestnut Lofts LLC and 3501 Chestnut Land LLC paid $1.13 million last week across two deals for 3501 and 3563 Chestnut Place, according to public records. FirstBank provided financing.
Both purchasing entities are affiliated with the Urban Land Conservancy, a nonprofit involved in the development of income-restricted housing. ULC didn’t respond to a request for comment.
The two parcels — which add up to 7,010 square feet, or 0.16 acres — make up a narrow triangular block formed by Chestnut Place, Arkins Court and 36th Avenue. There is currently one house on the site, which is kitty-corner from Ironton Distillery and across Chestnut Place from the new Number 38 beer hall.
The site is zoned for up to five stories, although it’s within a zoning overlay district that allows developers to build higher than that if certain conditions are met.
Ironton Distillery’s real estate also recently sold.