Permits have been filed for a four-story apartment building at 1066 Jefferson Avenue in Bushwick, Brooklyn. Located between Broadway and Bushwick Avenue, the lot is one city block north of the Halsey Street subway station, serviced by the J train. Nigel Boyden of Crox Dale Real Estate is listed as the owner behind the applications.
The proposed 55-foot tall development will yield 11,371 square feet, with 7,851 square feet designated for residential space. It will have 10 residences, most likely rentals based on the average unit scope of 785 square feet. The masonry-based structure will also have a cellar, penthouse, and a 30-foot long rear yard.
John Sunwoo of Palette Architecture is responsible for the design.
Demolition permits have not been filed yet. An estimated completion date has not been announced.
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Please pardon me for using your space: When you choose location for the project which it was reported. I have been arranged to read on its developed. (Thank you)
Why not buy all the one family or multi family houses to 10 units. Raise the rent and gentrifie the whole neighborhood. Is that the purpose? Or is it just money? Theses houses I would think are perfectly fine I would think? Do they actually need to be bought and torn down?
And convert to 10 unit structures.
tpk – it’s not that simple. someone has to be willing to sell to a developer, also the zoning restricts what can actually be built, 1066 jefferson is unique bc it is a 3600 sq ft lot, most lots on that street are 1800 sq ft, and only allow for about 3900 sq ft of development (or 5 units) so unless you can bundle two of them together it’s not worth the hassle. Now if a developer put 3 together it gets even tricker because then they have to provide parking for the units. Build up instead of out, you might think, but going up past 5 floors means an elevator is required and that can cost a few hundred thousand.
If you buy too small, there’s no real deal and you might as well buy anything, but if you cannot line up a large lot you get into the territory of trying to buy 2 lots and each seller would want more than the other person. That can be a disaster.
The cost to build in this neighborhood is about 150/bbsf, plus the house cost, plus the demo, plus all the plans, filings etc.. it adds up.