Ilan Bracha developing a South Williamsburg condo

From left: Ilan Bracha and 200 S. Third St.
From left: Ilan Bracha and 200 S. Third St.

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.

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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