Fulton Street in Bed-Stuy is slowly being transformed by development, and the latest new building in the mix is planned for 1557 Fulton Street, between Throop Avenue and Marcus Garvey Boulevard, right near the Kingston-Throop C train stop.
New building applications were filed for the seven-story, 24-unit project last week. The apartments would be divided across 15,845 square feet of residential space, for average apartments measuring roughly 660 square feet. The first floor would hold a 647-square-foot retail space, and the upper floors would each host four units each.
The building would also include a roof deck, recreation space on the ground floor, and 10 bike storage spots. It’s small enough that zoning doesn’t require any parking.
The 4,000-square-foot development site consists of two three-story buildings with storefronts and apartments above, and demolition plans haven’t been filed to knock them down yet.
Moses Karpen of Waterfront Management New York is the developer, and Maspeth-based Genaro Urueta will be responsible for the design.
The property last changed hands in October for $1.75 million, or $106 for each buildable square foot.