Construction Update: 1404 Ocean Parkway, Midwood

New apartments are rising in the heart of Midwood, and we have a glimpse of the construction thanks to photographer Tectonic.

A six-story building is finally growing on a long-vacant lot at 1404 Ocean Parkway, on the corner of Avenue N. The project has been in the works since 2007, but the recession derailed the initial plans. The Department of Buildings greenlighted new permits a year ago, and now the structure has reached two stories above street level.

The development will have 13 apartments and 21,340 square feet of residential space, for a typical unit of 1,641 square feet. Condos seem likely, and in this heavily Orthodox Jewish part of Brooklyn, many buyers are looking to buy apartments that will accommodate their growing families. There will also be seven parking spots, which satisfy the city’s zoning requirements.

Joshua Mizrahi was the original developer. He picked up the property in 2005 for $2,050,000, or roughly $95 for each square foot of his planned building. Then he unloaded it to Yaacov Azrad in December 2014 for $581,000, or a quarter of what he paid nearly a decade before.

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