Cheskie Weisz files plans for 96-unit Williamsburg rental

CW Realty went into contract to buy 187 Kent for $45M in August

New York /
Jan.January 20, 2017 12:30 PM

Prolific Brooklyn developer Cheskie Weisz filed plans for a 96-unit mixed-use development at the site of a Williamsburg warehouse that he put into contract last year.

Weisz’s CW Realty wants to build a seven-story, 90,000-square-foot building at 187 Kent Avenue, according to permits filed Friday with the city’s Department of Buildings. The residential portion will span nearly 61,000 square feet, with an additional 22,100 square feet of ground-floor retail, a 170-car parking garage and a rooftop garden.

CW Realty went into contract to buy the site for $45 million in August. The seller was Sam W. Gee, a Flushing investor affiliated with S W G I Realty, according to records.

The two adjacent L-shaped lots — at 187-201 Kent Avenue and 48-50 North 3rd Street — house a pair of low-rise warehouses, which Weisz plans to demolish. The site itself has 69,450 buildable square feet, and the deal included additional air rights from neighboring lots. Earlier plans called for a building of up to 140,000 square feet.

The project is just down the street from Kushner Cos.’ 338-unit Austin Nichols condominium at 184 Kent. Kushner, along with Asher Abehsera’s LIVWRK and Rockpoint Group, paid $275 million for the former Wild Turkey distributorship, which had been converted into a rental building.

Weisz did not immediately return a call seeking comment.

CW Realty, which owns dozens of properties in Brooklyn, also paid $15.9 million last year for three rental buildings at 119-123 Kent Avenue.

Across the river, Weisz is developing a 33-story, 120,000-square-foot condo at 1361 First Avenue, a block from the newly-opened Second Avenue subway.


Related Articles

arrow_forward_ios
47 West 175th Street in Morris Heights with Camber Property Group’s Rick Gropper and Vitus Group’s Stephen Whyte
Camber nabs Bronx apartment buildings to top midsize i-sales
Camber nabs Bronx apartment buildings to top midsize i-sales
From left: MetLife's Michel A. Khalaf and Clarion's David Gilbert along with with 44 Berry Street and 139 North 10th Street in Williamsburg (Getty, LoopNet, Clarion, MetLife)
MetLife pays $68M cash for Williamsburg apartments
MetLife pays $68M cash for Williamsburg apartments
DW Partners David Warren and 427 Marcy Avenue (Getty, DW Partners, Google Maps)
Bizarre bankruptcy stops Brooklyn condo project foreclosure
Bizarre bankruptcy stops Brooklyn condo project foreclosure
From left: 346 Kent Avenue, 30-77 Vernon Boulevard, and 1 Java Street (Getty, SHoP Architects, James Corner Field Operations, Lendlease, NYC Department of Housing Preservation and Development)
Multifamily leads big month for outer-borough loans
Multifamily leads big month for outer-borough loans
From left: Toby Moskovits and Michael Lichtenstein with the Williamsburg Hotel
Former accountant for troubled Williamsburg Hotel held in contempt
Former accountant for troubled Williamsburg Hotel held in contempt
Toby Moskovits and Michael Lichtenstein with 564 Street John's Place (Moskovits via Sasha Maslov, Heritage Equity Partners, Google Maps, Getty)
Toby Moskovits, Michael Lichtenstein settle lawsuit with Brooklyn investor
Toby Moskovits, Michael Lichtenstein settle lawsuit with Brooklyn investor
From left: Quadrum Development's Oleg Pavlov, Toby Moskovits, and Heritage Equity Partners' Michael Lichtenstein with the  96 Wythe Ave (Williamsburg Hotel, Getty)
UK firm to buy Moskovits, Lichtenstein’s Williamsburg Hotel for $96M
UK firm to buy Moskovits, Lichtenstein’s Williamsburg Hotel for $96M
Lindenwood Associates' Nat Wasserstein with 159 Broadway (Lindenwood Associates, Stonehill &l Taylor Architects, Getty)
Hager accused of fraud at Williamsburg hotel project
Hager accused of fraud at Williamsburg hotel project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...