Bed-Stuy is experiencing a real estate boom, but renewal has been slow to arrive on the eastern edges of the neighborhood, where aging row houses sit next to squat warehouses and vacant lots. Friday’s crop of filings brought plans for a four-story, mixed-use building at 1905 Fulton Street, between Ralph and Howard Avenues.
The 25-foot-wide property is currently home to a long-abandoned, two-story wood frame house, and it’s sandwiched between a former church and the Shirley A. Chisholm Post Office. The new building applications call for six apartments spread across 4,567 square feet of residential space, yielding 761-square-foot average units. The project is likely rentals, based on the size of the apartments and the neighborhood.
The ground floor would host a 925-square-foot retail space, topped by one to two apartments per story on the remaining three floors.
The developer is Tomer Dafna, who’s linked with a group of Israeli investors that own dozens of small properties in central Brooklyn. He shares an office address with the architect of record on the filing, Alex Michel of Sheepshead Bay-based Citiscape Consulting.
Dafna picked up the 1,853-square-foot plot for just $350,000 in October of last year, which means he paid just $63 for each square foot of his planned development.
This stretch of Fulton is littered with vacant lots, and only a small slice of it near Broadway Junction will be rezoned. Some of these properties are city-owned and may be developed into affordable housing, and others are simply controlled by private owners waiting for the right moment to build. Since this area isn’t slated for historical protection or an upzoning, it feels a little bit forgotten—both by the city and developers.
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By the way..permits filed getting base the building, and filling surely of part going on level.