Developer Michael Lilikakis planning resi building in Sheepshead Bay

Property at 2633 Ocean Avenue will stand eight stories tall and span 42K sf

TRD New York /
Apr.April 27, 2018 12:55 PM

2633 Ocean Avenue

Developer Michael Lilikakis is joining the residential boom in Sheepshead Bay.

Lilikakis filed plans with the Department of Buildings on Friday for an eight-story, 60-unit building at 2633 Ocean Avenue. The project would span 42,000 square feet, split between about 38,000 square feet of residential space and 4,000 square feet of commercial space.

The site is currently a vacant lot, and Lilikakis previously filed plans for a 10,000-square-foot commercial building in 2012. The property has been in the Lilikakis family since at least 1985, property records show.

Lilkakis did not respond to a request for comment.

Sheepshead Bay has recently seen a condominium boom, with large residential projects arriving from companies including Ryback Development, Muss Development and AvalonBay Communities. Bentley Zhao is also planning a 56-unit condo project with a $43 million sellout at 2128 Ocean Avenue.


Related Articles

arrow_forward_ios
Council member Laurie Cumbo  and a rendering of the Bedford-Union Armory (Getty; Bedford Armory)

Student suspended after blasting lawmaker’s pro-development stance

Student suspended after blasting lawmaker’s pro-development stance
Nightingale’s Eli Schwartz and 111 Wall Street (Credit: Google Maps)

Nightingale, Wafra seek $860M to redevelop 111 Wall Street

Nightingale, Wafra seek $860M to redevelop 111 Wall Street
Clockwise from left: 950 University Avenue in the Bronx, 27-55 Jackson Avenue in Queens, 149 Pioneer Street in Red Hook and 416 Metropolitan Avenue in Williamsburg (Google Maps)

EB-5 investor snags Hunters Point resi development: Mid-market sales report

EB-5 investor snags Hunters Point resi development: Mid-market sales report
Port Authority Bus Terminal and AECOM CEO Troy Rudd (Roger Rowlett via Wikipedia; AECOM)

“Worst place on earth” may be buried underground

“Worst place on earth” may be buried underground
From left: David Singelyn of Homes 4 Rent, Jacque Petroulakis of NextMetro, and Adam Adler of Global City (Photos via Nexmetro, Global City, Singelyn via Cal Poly Pomona)

Developers bet big on build-for-rent in these uncertain times

Developers bet big on build-for-rent in these uncertain times
New York City Council member Brad Lander (Getty)

Brad Lander calls for city to use land banks

Brad Lander calls for city to use land banks
2870 Ocean Avenue in Brooklyn (Google Maps)

Chetrit firm pays $119 psf for Sheepshead Bay site

Chetrit firm pays $119 psf for Sheepshead Bay site
HFZ Capital chairman Ziel Feldman and the XI sales gallery at 25-27 Little West 12th Street (Photos via Owen Hoffmann/Patrick McMullan via Getty Images; Craig Barritt/Getty Images for XI Gallery)

HFZ extends XI sales gallery lease, ending lawsuit

HFZ extends XI sales gallery lease, ending lawsuit
arrow_forward_ios

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

Loading...