Developer Michael Lilikakis planning resi building in Sheepshead Bay

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

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
Lewis Road Residential Planned Development (Pine Barrens, iStock)
Big golf, resi project in East Quogue approved
Big golf, resi project in East Quogue approved
From left: BSA chairwoman Margery Perlmutter, DRAW Brooklyn founder Alexandros Washburn, New York City Council Member Carlos Menchaca with renderings of the project (Photos via the City of New York, LinkedIn and Arquitectonica)
How a Red Hook developer circumvented the City Council
How a Red Hook developer circumvented the City Council
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
(Photo illustration by The Real Deal)
This office redeveloper is going all in
This office redeveloper is going all in
Clare Newman with Governors Island (Credit: Governors Island, Getty Images)
Governors Island redevelopment opposed as excessive
Governors Island redevelopment opposed as excessive
Union Square Park to gain 2 acres in $100M plan (Getty_
Union Square Park to gain 2 acres in $100M plan
Union Square Park to gain 2 acres in $100M plan
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)
Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
arrow_forward_ios

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

Loading...