Developers have long avoided building under the elevated tracks in Bushwick, but the lure of cheaper property not far from Williamsburg has pulled in buyers looking to cash in on the neighborhood’s swiftly rising rents. And so someone has filed plans to build five three-story townhouses at 75-83 Suydam Street, a wedge-shaped corner lot in the shadow of the clattering M train tracks on Myrtle Avenue.
Each of the homes will have three apartments spread across 1,840 to 2,200 square feet, depending on the building. The smallest will be the corner house at 83 Suydam, with only two units and 1,575 square feet of space. There will be 14 apartments in all, with an average unit size of about 700 square feet, meaning that an investor could be building rentals rather than owner-occupied homes. They’ll reach 32 feet into the air, or 42 feet for the three houses that will have penthouse duplexes. There won’t be parking or ground floor retail, but this bustling stretch of Myrtle Avenue could use both.
The developer is Jamaica-based Develop Jeff LLC, and the architect is BTE Design Services. BTE is working on several projects elsewhere in Brooklyn, including small apartment buildings and townhouses in Bed Stuy, Williamsburg and Clinton Hill.
The 4,600-square-foot property is currently home to a garage and last sold a year ago for $975,000, or $133 per buildable square foot—a fairly high price for this part of Bushwick. Now it appears to be on the market once again, asking an even more ambitious price of $2,400,000.
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