Plans filed for 105-unit, mixed-use building in Sheepshead Bay

The building at 2450 Ocean Ave. would feature a fitness center and a pool

New York /
Jun.June 09, 2017 03:10 PM

The development march continues in Sheepshead Bay.

Brooklyn developer Yaacov Azrad filed plans with the city’s Department of Buildings on Friday for a mixed-use project with 105 residential units at 2450 Ocean Avenue.

The 80,906-square-foot project would be seven stories tall and include a pool, a fitness center and a medical facility in addition to the residential units. Community space would take up 1,856 square feet of the building, while the remaining 79,051 square feet would be residential space. The top floor will have nine residential units, and floors two through six will have between 18 and 20 units apiece.

An LLC managed by Azrad’s partner Eddie Yair purchased the land in February for $10.1 million.

Several other major developments are also in the works at Sheepshead Bay, where land prices are still relatively inexpensive. Bentley Zhao’s New Empire Real Estate Development is planning a 56-unit condo project at 2128 Ocean Avenue with a targeted sellout of $43 million, and Muss Development has filed an offering plan for a 28-story condo project at 1501 Voorhies Avenue, which has a projected sellout of $63.2 million.

(To view more new development projects in Sheepshead Bay, click here)


Related Articles

arrow_forward_ios
From left: John Perez, Christian Amato and Nathalia Fernandez in front of Jacobi Hospital in the Bronx (Getty Images, JacobiPeds.org, ChristianAmato.com, John Perez)
Candidates back affordable housing, but not in their back yard
Candidates back affordable housing, but not in their back yard
Arlington Village at 3100-3124 Atlantic Avenue in East New York, Brooklyn (Google Maps, Getty)
Developing in downtrodden areas gets dicey
Developing in downtrodden areas gets dicey
800 East Main Street and AMS Acquisitions' Avi Abadie (Town of Yorktown, LinkedIn)
Luxury senior housing proposed for vacant Westchester office
Luxury senior housing proposed for vacant Westchester office
D&F Development Group’s Peter Florey and the development site at the northwest corner of Pulaski and Elwood Roads in East Northport (D&F Development Group, Google Maps)
Four decades in making, East Northport project clears key hurdle
Four decades in making, East Northport project clears key hurdle
From left: Century Development's Group’s George Xu and City/Rybak Development’s Sergey Rybak with 78-29 Austin St./11-36 45 Road
Rybak, Century file to build Queens multifamily projects
Rybak, Century file to build Queens multifamily projects
ZappiCo's Jim Zappi and Pocantico Lake (ZappiCo Real Estate Development, Google Maps)
Developer wants 29 waterfront homes; Nimbys want none
Developer wants 29 waterfront homes; Nimbys want none
Miki Naftali with 215 West 84th Street (Getty, Corcoran)
Naftali takes hit in battle with UWS holdout
Naftali takes hit in battle with UWS holdout
CW Realty's Cheskie Weisz and an aerial of the development site at 296 4th Avenue, 288 4th Avenue, 21 Denton Place (CW Realty, Google Maps)
Cheskie Weisz plans 200 Gowanus apartments
Cheskie Weisz plans 200 Gowanus apartments
arrow_forward_ios

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

Loading...