In late January, an application was submitted by Issac & Stern Architects for a new eight-story residential building at 1535 Bedford Avenue, developed by Adam America Real Estate.
Now, YIMBY has obtained a rendering of the building set to rise on the northeastern corner of Bedford Avenue and Eastern Parkway, in the heart of Crown Heights. With a 1519 Bedford Avenue street address, the main structure is rectangular, rising atop a retail base that meets the intersection at the same acute angle as its somewhat irregular lot.
According to the building permit application, the project will have 133 apartments – clearly rentals – spread over a bit more than 91,000 square feet of residential space, for an average unit size of just under 690 square feet – about as small as the zoning code will allow for new buildings. The second and third floors will have 28 apartments each, with larger units up top (floors four through six have 17 units each, with 13 on the top two floors).
Of the 133 apartments, 20 percent – roughly 27 – will be designated as affordable and set aside to be rented at below-market rates, according to The Real Deal.
The housing units will sit atop 15,000 square feet of retail space in what is technically the basement and cellar areas (which explains why the building is technically only eight stories, but appears in the rendering as nine or 10).
Adam America picked up the land (previously home to a gas station) for $32.5 million.
Studios at 341 Eastern Parkway, a new (and PTAC-free) rental building one block to the west on Franklin Avenue, started around $2,200, setting the tone for rents on Bedford Avenue. Unfortunately for future renters at 1519 Bedford Avenue and current Crown Heights residents who have to look at it, 341 Eastern does look like it will include PTACs.
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