Developments are cropping up all along Nostrand Avenue in Flatbush, and today we have a rendering for two four-story buildings headed to corner of Erasmus Street, just south of the Church Avenue stop on the 2 and 5 trains.
Developer Astral Weeks plans to build the identical, eight-unit buildings at 1499 and 1499A Nostrand Avenue. Each one would have 5,632 square feet of residential space, for rental-sized, average units of 700 square feet. The buildings will be connected, and a few of the upper floor units will have private balconies, including the two duplex penthouses. The project will also include shared roof decks, storage units, and laundry.
Bricolage Designs is the architect of record, but Andy McGee Design created the rendering.
The big windows will let in more light than those in the prewar apartment buildings on either side, and the brick will help the buildings blend in with their early 20th century neighbors.
The twin buildings will rise on a 4,000-square-foot vacant lot and bring valuable rental housing to a part of Brooklyn that is still somewhat affordable. And as YIMBY pointed out when we first wrote about the permits, zoning prevents developers from building anything as dense as the 1930s apartment blocks across the street.
Plans were first filed in July of 2014, and the developer expects to get DOB approval by the end of the year. Joseph Roubeni, a principal and co-founder of Astral Weeks, explained that they hope to apply for the 421-a tax exemption and rent 20% or 25% of the units below-market-rate.
Astral Weeks is also planning two more four-story buildings down the block at 1471 and 1475 Nostrand Avenue. They hope to break ground on all four buildings in January, just as the old 421-a program expires. If Roubeni can get permits before the end of December, he should be able to secure the property tax exemption before the rules change.
Like many developers, Roubeni expressed confusion over the future of the tax break, which will only be renewed if the real estate lobby (REBNY) and the Building and Construction Trades Council reach a deal on union labor in 421-a projects by year’s end. “It’s really up in the air,” he told YIMBY. “We don’t know if they’re going to extend it or not. And we’re not sure whether we’ll end up doing 80/20 or 70/30 [market rate vs. affordable units].”