A 90-percent completed residential property sold last week at 816 58th Street in Sunset Park, Brooklyn for $9,800,000. The eight-story, 28,901-square-foot building with a cellar level and elevator is located in an R6 General Residential District with a C1-3 commercial overlay. Brown Harris Stevens agent Peter Grazioli facilitated the sale to the undisclosed buyer.
Rendering of completed project at 816 58th Street in Sunset Park, Brooklyn
816 58th Street features nine residential units with open layouts, large windows, outdoor spaces, and name-brand finishes, designed by S M Tam Architect. In addition, there is 16,568 square feet of commercial space comprised of two commercial spaces with street frontage. The cellar and ground floors will house approximately 10,637 square feet of retail, while the second and third floors will be occupied by 5,931 square feet of community facility space.
Exterior of 816 58th Street in Sunset Park, Brooklyn
The development is four blocks from the 8th Avenue subway station, serviced by the N train.
No completion timeline has been announced.
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It’s amazing that those power lines can’t be moved in such dense neighborhoods.
Without city/state/federal initiatives the utilities have no incentive to bury lines anywhere. They are trying to maximize shareholder profits after all and modernizing infrastructure has little immediate return on investment.