The floodwaters ran high in Brighton Beach during Hurricane Sandy, but that hasn’t stopped developers from constructing new apartment buildings there. Last week, plans surfaced for a five-story residential building at 524 Ocean View Avenue, a block north of the Brighton Beach stop on the B and Q trains.
The developer is combining two lots between Brighton 5th and 6th streets, on a block that’s already seen some new multi-family construction in the last few years. The 70-foot-tall building will replace two decrepit wood frame houses that were apparently boarded up and abandoned during the recession.
The new development’s 22 apartments will be divided across 21,993 square feet of residential space. That gives us spacious, condo-sized units averaging 1,000 square feet. As we’d expect from condos, the ground floor will include 22 parking spots – several more than the city requires. It will be flood-proofed and used solely for parking and storage, while mechanicals will be built on the roof.
It’s always exciting to see more development in Brighton, because it remains a relatively affordable neighborhood to buy a home. Prices in new construction condo buildings typically run $500 to $600 a square foot, compared to upwards of $1,000 a square foot in much of gentrified Brooklyn.
Raymond Guindi is the developer, and he’s tapped Sheepshead Bay-based Zproekt to handle the design. Guindi picked up the two lots for $1,412,500 last month, paying $64 for each square foot of his planned building.
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