1010 Fulton Street

Seven-Story, Eight-Unit Mixed-Use Building Filed at 1010 Fulton Street, Clinton Hill

1:00 pm on May 18, 2016 By Reid Wilson

Midtown South-based Mike Shamash has filed applications for a seven-story, eight-unit mixed-use building at 1010 Fulton Street, in southern Clinton Hill, located two blocks from the Franklin Avenue stop on the C train and Franklin Avenue Shuttle. The structure will encompass 11,000 square feet, of which 1,665 square feet will be designated to ground-floor retail. Beginning on the second floor, the residential units should average 815 square feet, which means rental apartments are likely in the works. Three of the apartments will be duplexes. Long Island-based Shahriar Afshari is the applicant of record. The 20.5-foot-wide, 2,091-square-foot lot is currently vacant.

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1735 York Avenue

Renovations Planned at 37-Story, 265-Unit Rental Tower at 1735 York Avenue, Upper East Side

11:00 am on May 18, 2016 By Reid Wilson

Earlier this month, Bonjour Capital entered into contract to purchase, for roughly $140 million, the 37-story, 265-unit rental apartment tower at 1735 York Avenue, located on the corner of East 90th Street, in the Yorkville section of the Upper East Side. The future owner is planning to renovate and rebrand the residential tower, currently dubbed the Hamilton, as the Serrano. Renderings of the renovation have now been revealed by The Real Deal. It appears upgrades will be made to the lobby and the amenity areas. Existing amenities in the 280,0000square-foot building include tenant services, a fitness center, an outdoor patio, a rooftop deck, a children’s playroom, and a greenhouse. Bonjour Capital recently secured $104 million in financing for the acquisition. The tower was built in 1986 by Glenwood Management.

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1154 Dekalb Avenue

Four-Story Building Being Transformed Into 100-Bed Homeless Shelter, 1154 Dekalb Avenue, Bushwick

10:00 am on May 18, 2016 By Reid Wilson

The four-story tenement buildings at 1154-1156 Dekalb Avenue, in central Bushwick, are now being renovated into a 100-bed, male-exclusive homeless shelter, according to DNAinfo. Occupants of the homeless shelter are expected to live there for an average of nine months. After two years, the building will be turned into a permanent supportive housing facility, per the New York City Department of Social Services. The Neighborhood Association for Inter-Cultural Affairs will operate the homeless shelter. Damon House, the owner of the buildings, operated a drug treatment facility on the property until the facility’s closure in January. The structures are currently vacant. A deed restriction on the properties requires that they be used for homeless New Yorkers.

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