A parking lot on a valuable stretch of Atlantic Avenue in Boerum Hill won’t be empty for much longer. Bluerock Real Estate is planning a six-story, four-unit building with commercial space at 330 Atlantic Avenue, between Smith and Hoyt streets.
New building applications were filed earlier today for the 8,000-square-foot building, which would fill a hole between an aging four-story walkup and a two-story commercial building. A 1,500-square-foot retail space would fill the ground floor, followed by 6,566 square feet of residential space and four apartments. With a typical unit measuring 1,641 square feet, condos seem likely. There would be three full-floor units and a penthouse duplex, as well as a roof deck and storage for residents in the cellar.
Greenwich Village-based architect Timothy Dumbleton applied for the permits.
As far as we can tell, Bluerock picked up the 2,700-square-foot property for $1,233,750 in 2013, paying roughly $150 for each planned square foot of their building.
This project won’t be Bluerock’s first foray into New York City condo construction. They also developed The Charles, a glassy, 31-story condo tower on First Avenue on the Upper East Side. Back in 2014, the New York Times noted that the prices were high for the “Far Upper East Side,” because a 12-bedroom penthouse in the building had entered contract (and eventually sold for) $37.9 million. Initial asking prices for the non-penthouse units in the Ismael Levya-designed tower—which was delayed by the recession—ranged from $5.82 million to $10.26 million.