The Real Deal New York

Horizon Group plans one of Kensington’s largest ever condo projects

264 Webster Avenue is the largest for-sale residential project planned for the neighborhood in several years
By Will Parker | February 05, 2018 11:53AM

264 Webster Avenue and David Marom (Credit: Google Maps and Monarch Ridge Hill via Flikr)

David Marom’s Horizon Group will build a 63-unit condominium in the Kensington neighborhood of Brooklyn, an offering plan filed with the New York State Attorney General’s office shows.

Projected sales of the apartments at 264 Webster Avenue will total $38.6 million, according to the plans. The offering includes 34 parking spaces and 28 storage units. In August, the developer applied for construction permits to begin work on the eight-story building.

Marom was not immediately available to comment.

The Israeli-born Marom previously partnered with Adam America Real Estate on other projects New York City, including 500 Sterling Place in Crown Heights and 100 Norfolk Street in the Lower East Side. He has also worked with publicly traded Israeli construction company Azorim, according to the World Property Journal. In Yonkers, Horizon developed the four-tower, 500-unit Monarch condo.

Condo projects the size of 264 Webster Avenue are a rarity in Kensington, located southwest of Brooklyn’s Prospect Park. In 2012, a planned 107-unit condo at 23 Caton Street hit the rocks and wound up at a foreclosure auction.  Developer Sam Boymelgreen eventually developed a rental building at the site.