Nearly a decade in the making, a Williamsburg residential project is finally nearing the finish line. The 51-unit, seven-story development at 150 North 12th Street has topped out, as seen in photos sent to us by our friend Tectonic.
There was a foundation in place as far back as 2008, but the Great Recession wiped out funding for the project, until 2015, when developer Elrob Realty secured an $18 million loan and construction got into gear.
Scaffolding is still up, as there is much work to be done, but the skeleton of the building is in place. So, completion of the building, designed by architect Michael Muroff, could easily happen this year.
The building is 70-feet-tall and encompasses 45,778 square feet. All of that is devoted to residential use, for 51 units, according to the Schedule A (the new building permit lists 54 units). If you go by the Schedule A, units should average over 897 square feet apiece. Jonathan Singer, of mortgage broker Eastern Union Funding, who helped secure that loan, told YIMBY in June 2015 that they will be “high-end rentals.”
As YIMBY reported then, each floor will hold six to nine apartments and a storage room big enough for four bikes, and there will be three “townhouse-like” duplexes with individual street entrances and private backyards on the first two floors.
Amenities also include laundry and a bike room in the basement, plus the Schedule A lists 27 parking spaces spread across the cellar and first floor. There will also be a roof deck.
The site is directly across the street from McCarren Park and easy walking distance from the Bedford Avenue L station and Nassau Av G station.