While 2014 was a banner year for new building filings in the five boroughs with 44,817 new units entering the DOB pipeline, 2015 saw a substantial decrease in activity. With 33,973 units filed in new developments over the course of last year, year-over-year filings decreased by almost 25%.
Jamaica-based BTML Development Corp. has filed applications for a four-story, six-unit residential building at 916 Herkimer Street, in Ocean Hill, located two blocks from the Ralph Avenue stop on the C train. The project will measure 6,574 square feet in its entirety and will have 4,487 square feet in residential space, which means units will average 748 square feet apiece. A fifth-floor penthouse is also part of the plan. Forest Hills-based ARC Architecture + Design Studio is the architect of record. The existing two-story townhouse was recently filed for demolition.
Ocean Hill, the triangular neighborhood just west of Broadway Junction in Brooklyn, has become the final frontier for developers priced out of Bed-Stuy and Crown Heights. Builders pick up decrepit row houses or empty lots in the area, and put up rentals that are generally cheaper than Stuyvesant Heights to the west.
A one-unit, five-story residential building is nearing completion at 995 Washington Avenue in the southwest corner of the Crown Heights neighborhood in Brooklyn.
Property owner Thomas Mulzac, doing business as a Brooklyn-based LLC, has filed applications for two four-story, multi-unit residential buildings at 766-768 Macon Street, in Ocean Hill, located three blocks from the Halsey Street stop on the J train. Each one will measure 4,983 square feet each, although one will contain four units and the other will have five units. Across the entire development, units will average 1,107 square feet apiece, which means both rentals or condos may be in the works. Michael McCaw’s Brooklyn-based McCaw Michael Ivanhoe Architect is the architect of record.
