Coney Island’s housing market struggled in the years following Hurricane Sandy, but the last six months have brought plans for an 86-unit building on West 15th Street and the controversial 40-story tower at Trump Village.
Now we have a filing for a relatively small apartment building at 2873 West 17th Street, between Neptune and Mermaid Avenues. The six-story building would have two floors of community facilities topped by four stories of apartments. There would be 10,289 square feet of residential space divided between 15 apartments, yielding rental-sized units of 685 square feet.
The community facility would take up 4,500 square feet in the 14,500-square-foot project. The ground floor would also include nine parking spots and nine bike storage spaces, as the zoning code requires.
The 4,750-square-foot plot is currently home to a century-old, three-story wood frame with storefronts. The structure has clearly seen better days, but it’s unfortunate that its current ground floor retail won’t be replaced. A quick walk down Surf or Neptune Avenues reveals that new businesses are starting to open, but the neighborhood could still use better retail options.
The developer is Vladimir Kindo, doing business under a Coney Island-based LLC, and Brighton-based architecture firm Arcon Studio applied for the permit.
The property last changed hands in 2012 for $620,000, which works out to just $53 for each buildable square foot.
There are few other small developments headed for this part of Coney Island, including a modern and flood-proof Head Start center designed by Dattner Architects and a seven-story rental building on Mermaid Avenue.