Many of the vinyl-clad, wood frame houses typical in eastern Williamsburg are biting the dust for new development. Today, we have a look at a new project replacing a little two-story house at 95 Ainslie Street, between Lorimer Street and Union Avenue.
The home has been demolished, and foundation work is underway at the site. When the four-story building is complete, it will hold eight condo units and 8,152 square feet of residential space. Each will measure about 1,020 square feet, and there will be two apartments per floor, plus two penthouse duplexes. The roof deck will include four private terraces.
Investmates Real Estate, based in North Williamsburg, is developing, and Garment District-based Murat Mutlu Architect is responsible for the design.
Investmates picked up the 4,000-square-foot lot for $2,750,000 last year, paying $337 for each square foot of their planned development. The firm is at work on a few projects in the neighborhood, including four brick townhouses on South 1st Street and small residential buildings on Kent Avenue and Withers Street. They’ve already finished three four-unit condo buildings at 123 and 125 South 1st Street and 161 Jackson Street.
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