More market rate development may be coming to Mott Haven in the South Bronx.
New building applications call for a seven-story residential project at 417 East 135th Street, just north of the Major Deegan Expressway. The building would bring 22 apartments to a vacant lot between Willis Avenue and Brown Place, a short walk from the Brook Avenue stop on the 6 train. They’ll be divided across 14,985 square feet of residential space, yielding average units of 680 square feet.
The ground floor would have a lobby, bike storage spots, and the lower half of a duplex apartment. There would be four apartments apiece on each of the next five floors, and the top floor would host two apartments, a roof deck, and an indoor recreation space.
The development would also include an 11-space parking lot behind the building. 417 East 135th appears to be market-rate, because the city’s new zoning tweaks waive parking for affordable projects within half mile of the subway.
Charles Mallea’s M Architecture will be responsible for the design.
The ownership of the property is a bit murky. Permits list the owner as Michael Zolty of Sobro LLC. Despite the name of the corporation, local nonprofit developer SoBro is not connected with the property. The business address on the filing is 5308 13th Avenue in Borough Park, which has been linked with several alleged deed fraud cases in Brooklyn.
The LLC picked up the 5,000-square-foot site for $650,000 in November of 2015. That price works out to a bargain at $43 per square foot of the planned building.
The lot is vacant, but an illegal, makeshift shack currently occupies part of it.
If the developers move forward with the project, it will join several other market-rate rental buildings in the neighborhood. Treetop Development is planning a market-rate tower on East 144th Street, and Chetrit Group and Somerset Partners are building a pair of 25-story towers on the South Bronx waterfront. JCAL Development is also working on a 12-story market-rate rental nearby on East 132nd Street.