EPIC Commercial Realty has brokered the sale of the 4,170-square-foot mixed-use development site at 732 Bedford Avenue, located on the corner of Flushing Avenue in northwestern Bedford-Stuyvesant. The undisclosed buyer acquired the property for $6.285 million. The site can accommodate up to 18,000 square feet of mixed-use development. Current zoning allows the entirety of that space to be residential, while only up to two-thirds of that space can be used for commercial purposes. Community facilities are also allowed. The site is currently occupied by a gas station. Demolition permits have not been filed and it’s unknown what the new owner plans.
EPIC Commercial Realty
Two warehouses in Ridgewood, Queens will be no more. The Loketch Group just acquired two vacant structures at 801 Wyckoff Avenue and 819 Wyckoff Avenue for $11.25 million. They present up to 43,000 square feet of development potential and Loketch plans to use just about all of it for a new residential project. They’re planning a 42,971 square-foot, five-story building with 54 units. The average size will be 795 square feet and 29 of the units will be duplexes. There will also be 1,000 square feet of recreation space on the top floor, along with a 420 square-foot roof deck. It has been designed by J Frankl Associates.
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.