The Real Deal New York

Rubin Schron to build massive 40-story Coney Island project

Permits show plans for 700K square feet, 544-unit project at 542 Neptune Ave.
By Tess Hofmann | January 16, 2015 02:07PM

Rubin Schron’s Cammeby’s International filed plans with the city today for a 40-story, 544-unit mixed-use building on Coney Island.

The building, located at 532 Neptune Avenue, will span 691,405 square feet, including 513,850 square feet of residential space and another 162,220 square feet of commercial space. 

Ground floor retail will face West 6th Street and Neptune Avenue to West 5th Street. Amenities for the new building include a fitness center, spa, game room, as well as additional recreation space on the 40th floor. SLCE is the architect of record.

Cammeby’s purchased the property for $25 million in 2013. The developer owns roughly 15,000 units across the city. President Rubin Schron made a $2 billion offer to buy the Empire State Building in 2013.

A representative from Cammeby’s declined to comment.