Midwood’s Orthodox community continues to grow, and developers keep searching for property along the neighborhood’s main streets, which are generously zoned.
Last week, one of those developers filed plans to erect a seven-story apartment building at 1266 Ocean Parkway, between Avenues L and M. The project would replace a derelict two-and-a-half-story house, which once had retail on the ground floor and apartments above.
If approved, the building would have 10 apartments and 12,897 square feet of residential space, for average apartments that measure 1,289 square feet. Like most new construction in this part of Brooklyn, this development will likely be condos. There will also be two parking spots in the basement.
Matan Rosalio, doing business as King David Equities LLC, is the developer, and Douglas Pulaski’s Bricolage Designs applied for the permits. Both the architect and the developer are based nearby, in Borough Park and Madison, respectively.
Rosalio’s LLC picked up the 5,000-square-foot property for $1,620,000 a year ago, paying $125 for each square foot of his planned project.
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Of course..pay money to run the project, include material for construction such as concrete and steel.
Think he got that land cheap. Surprised that more of Ocean Parkway hasn’t been bought up for new apartment buildings. Short walk to ‘F’ train at McDonald Avenue.
Just for the record….Ocean Parkway has never been zoned for retail,. This home was simply a handsome large 2 family house. Many of which still line this historic “scenic landmark” roadway.
APM
accurate, but many of the ground floors of those houses have been semi-illegally converted for either retail or community facility uses
The office had been a doctors office on the first floor and residential above. That is a typical zoning designation on Ocean Parkway .