Construction is rising on Kay’s Place, an 11-story mixed-use building at 487 4th Avenue in Park Slope, Brooklyn. Designed by Aufgang Architects and developed and built by Procida Companies under the 487 4th Avenue Managers LLC, the 107-foot-tall structure will span 49,308 square feet and yield 44 affordable rental units with an average scope of 864 square feet, as well as 2,154 square feet of ground-floor commercial space, a cellar level, and one enclosed parking space. Ten of the units will be one-bedroom apartments for residents with developmental disabilities, and a portion of the remainder will be reserved for the formerly homeless. The property is located at the corner of 4th Avenue and 12th Street.
Construction recently topped out on 737 4th Avenue, a 14-story mixed-use residential building in Sunset Park, Brooklyn. Designed by Dencityworks Architecture and developed by BEB Capital, Totem/Ailanthus, and SK Development, the 145-foot-tall structure will span 193,000 square feet and yield 187 mixed-income rental units with 46 dedicated to affordable housing, as well as 6,200 square feet of ground-floor retail space with a 1,275-square-foot executed lease to former tenant Dunkin Donuts, which operated at the former occupant of the property before its demolition. The project is located between 24th and 25th Streets.
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.
Permits have been filed for an eight-story mixed-use building at 6414 8th Avenue in Sunset Park, Brooklyn. Located between 64th Street and 65th Street, the lot is near the 8th Avenue subway station, serviced by the N train. Guan Yu Li is listed as the owner behind the applications.
