10 resi projects coming to Bed-Stuy’s DeKalb Avenue

Neighborhood boom is due to plentiful opportunity for infill, experts say

TRD New York /
Jul.July 01, 2015 04:10 PM

Bedford-Stuyvesant’s DeKalb Avenue is slated for a major facelift over the next few years, with 10 new residential buildings set to rise along a four block stretch.

This section of the street is walking distance to the G and J trains and is zoned to allow for buildings up to seven stories tall, DNAinfo reported.

“Most importantly, it’s really just opportunity,” said Matt Cosentino, vice president of investment sales for Brooklyn brokerage TerraCRG. “There were a lot of empty lots and one-story warehouse buildings.”

“The whole neighborhood is filling in,” he said. “Basically developers are going where they can get big development sites where maybe two to three years ago they wouldn’t have gone to. And it doesn’t seem like renters or buyers have much of an issue following them.”

An analysis by The Real Deal showed that there were more permit applications filed in the first quarter for Bedford-Stuyvesant than any other neighborhood.

The projects include Eli Nahman’s 627 Dekalb Avenue, 641 Dekalb Avenue, 740 Dekalb Avenue, 785 Dekalb Avenue, 806 Dekalb Avenue, 820 Dekalb Avenue, 821 DeKalb Avenue, 855 Dekalb Avenue, Simon Kaufman’s 875 DeKalb Avenue and 880 Dekalb Avenue. [DNAinfo] — Tess Hofmann

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