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

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

Rendering of 2450 Ocean Avenue (Credit: Eran Birnbaum)

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: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

2018 Avenue U and 252 Newport Street in Brooklyn (Credit: Google Maps)

Here’s what the week’s $10M-$30M investment sales market looked like

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

arrow_forward_ios