PWR Holdings has placed the development site at 111 Montgomery Street, in western Crown Heights, on the market with an asking price in the mid-$40 million, according to Commercial Observer. The 22,000 square-foot site boasts 168,000 square feet of development rights. New building applications were filed to build a 12-story, 173-unit apartment building on the property in March.
As rent-stabilized tenants at two Crown Heights apartment buildings fight to keep their rents from doubling, another landlord in the neighborhood plans to expand a four-story residential building at 961 Washington Avenue to 11 stories.
Last month, applications were filed for a four-story, 10-unit residential building at 1266 Pacific Street, in northwestern Crown Heights. Shortly after, the vacant site was placed on the market, and in less than 48 hours later, EPIC Commercial Realty entered contract on the 2,861 square-foot property for $1.25 million, DNAinfo reports. The building on file will measure nearly 8,500 square feet, with individual units averaging 850 square feet, and Rego Park-based Diego Aguilera filed for the permits.
Rego Park-based East Coast Realty has filed applications for a five-story, 10-unit residential building at 1204 St. Marks Avenue, in eastern Crown Heights, six blocks in either direction to the A/C or 3/4/5 trains’ stop at Utica Avenue. The building will measure a total 6,346 square feet, with units averaging a rental-sized 635 square feet apiece; two units will share part of the fifth floor and a sixth-floor penthouse. Woody Chen’s Infocus Design & Planning is the applicant of record, and a two-story townhouse, acquired for $640,000 in June, must first be demolished.
Bed-Stuy-based CS Real Estate has filed applications for a four-story, 10-unit residential building at 1266 Pacific Street, in western Crown Heights, a block from the Nostrand Avenue LIRR station and three blocks from the A and C subways. The building will stand 70 feet tall, and thanks to mezzanine levels on each floor beginning with the second, units will get a little more residential space. Units will measure an average 850 square feet apiece, and Rego Park-based Diego Aguilera is the architect of record.