search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
Commercial
New York

Brookland planning five-building Bed-Stuy project

Buildings will feature seven units each

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

Sign Up for the undefined Newsletter

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.

Tags
Bed-StuyBrookland CapitalCommercial Real Estate