Earlier this year, Avery Hall Investments, in partnership with Angelo Cosentini’s OTL Enterprises, picked up a three-story walk-up building on a 20-foot-wide lot at 161 Columbia Street, wedged in between a four-story building and a vacant lot. They paid $1.5 million for the property, or about $260 per buildable square foot, buying it from a family that’s owned it for 40 years.
A new building permit application was filed in August, and now, YIMBY has the first image of the structure that will replace the old three-story building, for which a demolition permit was filed in September.
Designed by Bricolage, the building will rise 62 feet into the air, with four stories plus a penthouse level. The building, with nearly 5,500 square feet of residential space, is planned to have four full-floor apartments – one each on the first through third floors, plus a duplex on the fourth floor and penthouse level. The design is predominately brick with large, gridded windows, though the penthouse floor will have a more modern look.
No car parking is required for a project this small, however the developer is voluntarily including space for eight bicycles in the cellar.
“All residences will enjoy unimpeded views of the New York Harbor and Lower Manhattan,” writes Avery Hall on their website. Assuming, that is, that the industrially-zoned Department of Transportation-owned land between Columbia Street and the water is never developed.
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