Just about every empty lot and warehouse in northern Greenpoint is becoming a small apartment building, but Hadas Hakmon’s M Development has snagged one of the last available sites in the area at 44 Box Street, a block from Newtown Creek and the East River waterfront.
New building applications were filed on Friday for a six-story residential building on the lot between Manhattan Avenue and McGuinness Boulevard. It would have 16 units across 13,491 square feet of space, and average units will weigh in just under 850 square feet. The development could become small condos or rentals, but based on the average unit size, we’re expecting a mix of studios, one-, and two-bedrooms.
Apartments would begin on the second floor, with four units, followed by four more on the third floor, three each on the fourth and fifth floors, a full-floor unit on the sixth floor, and a duplex penthouse.
There would also be 12 open parking spots on the ground floor, which is a couple more than the city usually requires.
Syed Rizvi’s Rike Tech Associates applied for the permits.
M Development picked up the 5,000-square-foot lot for $4.15 million last August, paying $276 for each buildable square foot. The Kew Gardens-based firm has a few other buildings planned in this part of Greenpoint, including two on India Street and a third on Dupont Street.
In the last year or so, plenty of construction has descended on this block of Box Street. Three developments with a total of 75 apartments are rising at 56, 62, and 72 Box Street.