Property owner Jack Cheng has filed applications for a four-story, seven-unit residential building at 756 40th Street, in northern Sunset Park, three blocks from the D train’s 9th Avenue stop. The new building will measure 5,007 square feet, which means units will average 715 square feet, indicative of rentals. Sunset Park-based Shiming Tam is the architect of record, and an existing two-story townhouse must first be demolished.
Property owner Hui Shi has filed applications for a four-story, two-unit mixed-use building at 5122 9th Avenue, near 52nd Street, on the borderlands of Sunset and Borough Park. The building will measure 5,080 square feet, and includes a 1,323 square-foot health care facility on the ground floor. Residential units will average 1,880 square-feet each above, one taking up the second and third floor, and another spanning the fourth and a fifth-floor penthouse. Flushing-based Success Best Design is the applicant of record, and an existing two-story structure must first be demolished.
Madison Realty Capital has closed on the seven-story, 400,000 square-foot industrial building at 14 53rd Street, in Sunset Park on the waterfront, for $82.5 million, according to Crain’s. The building, located four long-blocks from the R train’s 53rd Street stop, is being renovated to accommodate office and manufacturing tenants. The renovations will include exterior and interior upgrades, as well as a roof deck.
An anonymous LLC has filed applications for a six-story, eight-unit mixed-use building at 818 60th Street, in southern Sunset Park, a block from the N train’s 8th Avenue stop. The building will measure 11,121 square feet in total, which includes 2,122 square feet of retail space on the ground and cellar levels, in addition to 2,017 square feet of community office space on the ground and second-floor levels. Shiming Tam — based a few blocks away in Borough Park — is the architect of record, and a two-story building must first be demolished.
Earlier this year, the landmarked buildings at 4302 4th Avenue, in northern Sunset Park, were placed on the market as a development site, and now Yosef Streicher has purchased the property for $6 million, according to Commercial Observer. The dilapidating two- and three-story buildings, which amount to nearly 20,000 square feet, need to be gut-renovated, and 14,567 square feet of unused air rights can be used for an expansion. No plans have been disclosed, but changes to the facade would require approval from the LPC.