Construction is approaching topping out on 542 Atlantic Avenue, an 11-story residential building in Boerum Hill, Brooklyn. Alternately addressed as 533 Pacific Street, the 90,000-square-foot project is designed by Issac & Stern Architects and developed by Sterling Town Equities, which purchased the property in 2019 for $28 million, and will yield 43 condominiums and two four-story townhouses. The development is rising on a through-block parcel between Third Avenue to the west, Pacific Street to the south, and Fourth Avenue to the east, and is a short walk from Barclays Center and Downtown Brooklyn.
Sterling Town Equities
A former post office in Boerum Hill, Brooklyn will soon be replaced by an 11-story condominium building designed by Issac & Stern Architects. Located on a through-block property at 542 Atlantic Avenue, the new structure will span 90,000 square feet with 43 condominiums and two four-story townhouses.
Permits have been filed for an 11-story mixed-use building at 533 Pacific Street in Boerum Hill, Brooklyn. Located between Third Avenue and Fourth Avenue, the through lot also known as 542 Atlantic Avenue is steps away from the Atlantic Avenue-Barclay Center subway station, serviced by the B, D, N, Q, R, 2, 3, 4, and 5 trains. The property is owned by Sterling Town Equities, which bought the commercial site last year for $28 million.
As Fourth Avenue’s construction boom stretches south of the Prospect Expressway in Brooklyn, condos are rising on the neighborhood’s less desirable blocks, closer to the traffic-clogged road and further from Green-Wood Cemetery. One such project is in the works at 186 21st Street between Fourth and Fifth Avenues in Greenwood Heights.
Empty lots are slowly disappearing in western Crown Heights, as developers snap them up for condo-worthy prices. One of these developers has filed plans to erect a five-story, eight-unit apartment building on the vacant plot at 529 Park Place, between Grand and Classon Avenues.