The Real Deal New York

Ilan Bracha developing a South Williamsburg condo

January 21, 2014 03:40PM

UPDATED, 7:40 p.m., January 21: A brand new condominium building is coming to the site of a former parking lot in South Williamsburg.

The project is being developed by Ilan Bracha of B+B Capital, and also a founder of Keller Williams New York City, who recently closed on the property for $6.5 million. The project will rise six stories at 194-196 South Third Street, though it will go by the address 200 South Third Street, according to Curbed.

In total, the development is to have 45,000 square feet of condominiums, as well as indoor parking and a 15,000-square-foot art school on the first floor. No permits have been filed with the Department of Buildings just yet, according to Curbed. [Curbed]Julie Strickland