The Real Deal New York

Developer Michael Lilikakis planning resi building in Sheepshead Bay

Property at 2633 Ocean Avenue will stand eight stories tall and span 42K sf
By Eddie Small | April 27, 2018 12:55PM

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.