Developer Investmates Real Estate is building townhouses in South Williamsburg, rentals on Grand Street, and now condos in Greenpoint. They’ve sent along renderings of their latest project, a five-story condo development at 78 Freeman Street, only a block from the East River between Franklin and West Streets.
The 5,000-square-foot building will have just four condos, with sizable two- and three-bedrooms clocking in between 1,200 and 1,600 square feet apiece. The first floor apartment will be a two-bedroom duplex with cellar and garden space, and there will be three-bedroom, two-bath units with private terraces on the second and third floors. The penthouse buyer will get a three bedroom, two-bath duplex that includes a balcony and a private roof deck.
International Office of Architects, who are based in Midtown West, will handle the design.
78 Freeman Street
The Williamsburg-based firm snapped up the 2,500-square-foot plot in March for $1,650,000, or roughly $330 per buildable square foot. Demolition permits have not yet been filed to knock down the property’s current occupant, a two-story frame house.
The zoning is somewhat restrictive on Greenpoint’s side streets, capping heights at 50 feet, and the planned building will max out the square footage allowed on such a small lot.
Investmates hopes to file plans for 87 Freeman in the next few weeks and break ground by the end of 2015.
78 Freeman Street, rendering by International Office of Architects
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