Filings for new buildings in Flatbush seem to have slowed down over the last few months, probably thanks to confusion about the defunct-but-possibly-not 421-a tax abatement. The tax break propped up market-rate development throughout the central Brooklyn neighborhood, and without it, many builders seem to be delaying construction.
But yesterday, a new building application surfaced for a six-story project at 986 Rogers Avenue, between Tilden Avenue and Beverly Road. Plans call for 24 apartments spread across 15,993 square feet of residential space, for a typical unit of 666 square feet. There would also be a little 376-square-foot community facility and 1,866 square feet of retail.
The developer is listed as Isaac Stern (not the great, deceased violinist, of course), doing business as a Borough Park-based LLC, and Elmont, N.Y.-based architect Udoette Isaiah applied for the permits.
The property is currently home to a small car repair shop.
Stern picked up the property in April for $484,250.
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I read your permits filed everyday, important thing that I know is plan about building. (development)
Hey David so do i read them everyday. Small price to pay for a business.
At around $30/sqft a subsidy is probably not needed, but it would help to know projected rents.