Alex Adjmi, partners plan 38-unit mixed-use project in Flatbush

Nostrand Avenue building will span roughly 62K sf

TRD New York /
Jan.January 09, 2018 01:20 PM

2251 Nostrand Avenue (Credit Google Maps)

The building from Alex Adjmi’s A&H Acquisitions and joint venture partners Meral Property Group and Joyland Group will stand six stories tall and include 38 residential units, according to filings with the Department of Buildings. The development at 2251 Nostrand Avenue will span just under 62,000 square feet, split between 30,008 square feet of residential space, 31,527 square feet of commercial space and 424 square feet of community facility space. The total lot — which includes three small residential homes on the corner of Nostrand and Avenue I — spans over 93,000 square feet.

The site was formerly a Hess gas station, and Joyland and Meral had filed plans in 2015 for a three-story commercial building at the site.

A&H’s portfolio includes 242 Bedford Avenue and 529 Broadway, and the company also purchased the controlling interest in a pair of Chelsea buildings at 116 Seventh Avenue and 204 West 17th Street in 2016 for $29 million.

Representatives from A&H declined to comment.


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

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

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

arrow_forward_ios