Sunset Park

Earlier this year, the landmarked buildings at 4302 4th Avenue, in northern Sunset Park, were placed on the market as a development site, and now Yosef Streicher has purchased the property for $6 million, according to Commercial Observer. The dilapidating two- and three-story buildings, which amount to nearly 20,000 square feet, need to be gut-renovated, and 14,567 square feet of unused air rights can be used for an expansion. No plans have been disclosed, but changes to the facade would require approval from the LPC.

Property owner Bi Ying Wang has filed applications for a four-story, four-unit residential building at 758 50th Street, in central Sunset Park between 7th and 8th avenues. The building will measure 4,005 square feet, and full-floor units will measure an average 1,000 square feet. Yuk Lam’s Lam Engineer is the applicant of record, and an existing two-story home must first be demolished.