It’s been over a year the Loketch Group filed plans for a new apartment building at 803 Wyckoff Avenue in Ridgewood, right on the border with Bushwick. Now the five-story development is close to topping out between Putnam Avenue and Cornelia Street.
The Charles Mallea-designed building will host 54 rental apartments and 43,004 square feet of residential space. The average unit there will come in at just under 800 square feet, meaning that apartments will probably be a mix of one- and two-bedrooms. There will be 29 duplexes and 26 regular apartments, plus a 1,000-square-foot indoor recreation space on the fifth floor and a second, 480-square-foot recreation room in the cellar.
The project will also have a parking lot with room for 27 cars, which is the minimum needed to satisfy zoning rules. The L and M trains stop two blocks away at Myrtle-Wyckoff, so it’s hard to imagine that residents will need that much parking.
The firm headed by Moishe and Pinny Loketch picked up the 21,500-square-foot property for $9,500,000 in November 2015, paying roughly $220 for each square foot of their planned building.
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