Prolific condo builder Boaz Gilad started out by developing new projects in Prospect Heights, Crown Heights, and Clinton Hill, where the market for buying condos and co-ops is pretty well-established. But the pursuit of cheaper land prices and bigger lots has pushed the Bed-Stuy based developer north and east into Bushwick.
His firm, Brookland Capital, is currently working on eight buildings in the north Brooklyn neighborhood. Now they’ve filed plans for a ninth, at 99 Grove Street.
The five-story building will replace two houses at 99 and 103 Grove Street, between Central and Evergreen avenues. It will have 24 apartments spread across 16,213 square feet of residential space. The apartments will be pretty small, averaging just 675 square feet. That means the apartments will likely be studios and one-bedrooms.
The ground floor will mostly be devoted to a lobby and parking garage for 12 cars, which is needed to fulfill the city’s requirements. It’ll also host the upper level of two duplex apartments, both of which will come with private terraces. The remaining floors will have four to six units apiece, plus a shared recreation space on the fifth floor. Future residents will also be able to store 12 bikes in the cellar.
Like most of Brookland’s projects, Feingold and Gregory Architects applied for the permits.
Gilad purchased one of the homes in January for $1.7 million, and the other one hasn’t sold since 1988.
A few of his nearby developments include condos at 303-309 Cooper Street, a church conversion on Bushwick Avenue, and two five-story buildings on Summerfield Street in Ridgewood.
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