Sterling Town Equities has acquired the two-story commercial building and adjacent vacant lot at 186-190 21st Street, off Fourth Avenue in South Slope, for $6 million. The new owners plan to demolish the existing structure to make way for a condominium development, according to Commercial Observer. The property boasts 20,034 square feet of building potential, and the purchase was made in cash.
The first condos hit the market last week at 550 Vanderbilt Avenue in the Atlantic Yards/Pacific Park development, and YIMBY has a few attractive renderings of the building’s amenity spaces and lobby.
S Land Development has filed applications for a five-story, eight-unit residential building at 1255 Decatur Street, in eastern Bushwick, three short blocks away from the Wilson Avenue stop on the L line. Units will average 665 square feet apiece, indicating that the 5,310 square-foot building will be probably be a rental. The existing recessed two-story, two-unit structure passed pre-demolition inspection in 2014, and Charles Diehl is the architect of record.
Developer and designer ASH NYC has received $21 million in construction financing for their planned five-story, 63-unit mixed-use building at 336 Himrod Street, in northern Bushwick. Commercial Observer reports that the main Dannenhoffer’s Opalescent Glassworks building will be integrated into the development, which will feature 4,570 square feet of retail and another 1,570 square feet of community space. Hustvedt Cutler Architects is the architect of record.
An LLC has filed applications for a four-story, six-unit residential building at 267 Ainslie Street, in eastern Williamsburg, two blocks south of the L’s Graham Avenue stop. The structure will measure 5,000 square feet in total, which works out to units averaging roughly 835 square feet in size. An existing two-story, 1,650 square-foot townhouse must first be demolished, and Woody Chen’s InFocus is the applicant of record.
