An L-shaped vacant lot across from Tompkins Houses in Bed-Stuy is finally being redeveloped. New building applications were filed for a seven-story apartment building at 901 Myrtle Avenue, also known as 98 Tompkins Avenue.
Plans call for a seven-story, 30-unit building on the lot bounded by Myrtle, Tompkins, and Marcy Avenues,. and Stockton Street. A 2,500-square-foot retail space and lobby will fill the first floor, followed by five units each on the second through seventh floors.
The residential portion will occupy 24,780 square feet, and average apartments will be 826 square feet – likely rentals.
The 6,500-square-foot site is also home to a little three-story building that hosts a storefront (both a party store and a barber shop?) and two apartments above. Demolition plans have been filed, but not yet approved, to knock it down.
The developer is Martin Joseph, who heads a South Williamsburg-based LLC, and Coney Island-based engineer Oleg Ruditser applied for the permits.
An investor based near Fordham in the Bronx picked up the site for $930,000 in July, paying only $33 for each buildable square foot.
With 30 units on a small lot, the development flies just under the minimum number of units that trigger the city’s parking requirements.