The Real Deal New York

Brookland planning five-building Bed-Stuy project

Buildings will feature seven units each
By Miriam Hall | February 17, 2017 01:20PM

From left: 652 and 650 Madison Street, Assaf Fitoussi and Boaz Gilad of Brookland Capital

UPDATED, Feb. 17, 2:35 p.m.: Brookland Capital is planning to build five, seven-unit Apartment Buildings On Madison Street in Bedford-Stuyvesant, according to a permit application filed with the city’s Department of Buildings Friday.

Each building would rise four stories, and span roughly 5,000 square feet. They will replace two single-family homes at 650 and 652 Madison Street, and vacant land running from 654 to 658 Madison Street. The architect of record is Arc Architecture TRData LogoTINY.

The proposed buildings will feature one- and two-bedroom condominiums, said Brookland co-founder Boaz Gilad.

Brookland has been a prolific developer of boutique condominium buildings in Brooklyn, focusing on Crown Heights, Bedford-Stuyvesant and Bushwick. The firm specializes in 40-to-90-unit properties, and has raised money on the Tel Aviv Stock Exchange.

Last year, the developer ventured into Queens for the first time with plans for a pair of five-story apartment buildings in Ridgewood.