The Real Deal New York

Cheskie Weisz files plans for 96-unit Williamsburg rental

CW Realty went into contract to buy 187 Kent for $45M in August
By E.B. Solomont | January 20, 2017 12:30PM

Current site at 187 Kent Avenue

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.