A four-story nursing home at 123 Linden Boulevard in Flatbush hit the market in early 2014 asking $20 million. Now the new owner has filed plans for a 57-unit apartment building on the site between Bedford and Rogers Avenues.
123 Linden will reach six stories and 70 feet into the air. Its 57 apartments will be spread across 41,496 square feet, yielding rental-sized, 728-square-foot units.
The first floor will house nine units, and the second through fifth floors will have 10 units each. Eight units will fill the top floor. Four of the ground floor apartments will be duplexes with cellar space, and 1,500 square feet of amenities and recreation space will occupy the cellar.
The developer is Solomon Feder, doing business as an LLC based in Borough Park, and incredibly prolific architect Charles Mallea will handle the design.
The permit doesn’t list any parking, but the developer probably plans to build a surface parking lot to satisfy zoning rules. Under the property’s current zoning, a 57-unit building would need 34 parking spaces.
The development would also qualify for the 421-a tax exemption, as the Wall Street Journal noted last year. Since the property sits outside the 421-a geographic exclusion area, Feder will get to build only market-rate apartments and benefit from a 15-year tax break.
This building also doesn’t come anywhere near to maxing out the lot’s development potential. It could accommodate up to 249,000 square feet of residential development or a 316,000-square-foot community facility.
New York Congregational Home for the Aged has owned the property for nearly a century, but brokers involved in the deal tell us the site will sell by the end of the year. It’s currently home to an attractive Colonial Revival building designed by the Parfitt Brothers and built in 1918. The three-story structure is on the State and National Registers of Historic Places, but it’s not landmarked by the city.