In the New Lots subsection of East New York, plans have been filed to construct a series of four-story apartment buildings with a total of 67 apartments. If built, the project would hold some of the most affordable newly built market-rate apartments in the city – a dying breed of development, but one which ought to be encouraged if the city is ever to tackle its affordability challenge.
The apartments would be spread over a number of different lots on the blocks just to the south of Linden Boulevard and to the east of the Canarsie Line L tracks, near the border with Brownsville and Canarsie. The buildings would have the addresses of 745 and 749 Snediker Avenue; 736, 740, and 742 Hinsdale Street; and 375, 379, and 383 De Witt Avenue. The 67 apartments would be spread over 46,000 square feet of space, for an average unit size of a bit under 700 square feet.
Borough Park-based Henry Ausch is listed as the developer, and Karl Fischer as the architect.
While the filing hints at the revival of the market-rate development fortunes of East New York, it may not herald the return of the type of development necessary to make 80/20-like buildings pencil out – the type of market-rate development that the administration envisions for the rezoned parts of East New York and Ocean Hill.
The New Lots builders are four-story masonry structures without parking and with less than a dozen units each – far cheaper to build and easier to finance than 80/20 buildings, which are larger, steel-frame mid-rise structures with parking (the administration’s parking reform unveiled last month would not be available to the market-rate portion of mixed-income buildings without a discretionary waiver).
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