The Real Deal New York

Here are the details on Largo’s development in Williamsburg

The planned property will contain 30 apartments
By Christian Bautista | July 24, 2018 01:00PM

Michael Zampetti and 215 North 10th Street (Credit: Google Maps)

Largo Investments is looking to build a 64,700-square-foot residential and office building in Williamsburg.

The company filed permits for a six-story property at 215 North 10th Street, between Driggs Avenue and Roebling Street. The planned structure, which will be built just a few blocks from McCarren Park, is expected to have 32,800 square feet of residential space divided between 30 apartments. The property will also contain 32,000 square feet of commercial space, with offices located on the bottom three floors.

The Nissim Ben-Nun and Nicholas Werner-led firm closed on its $25 million acquisition of the building last March. At the time of the purchase, the firm disclosed that they planned to build condos.

Largo is a frequent collaborator of Michael Stern‘s JDS Development Group. The two companies jointly own a portfolio that includes the American Copper Buildings, a pair of rental buildings on East 36th Street near the East River and the Fitzroy condominium in Chelsea.

The proposed property will replace a one-story industrial building. Largo filed demolition permits for the site last December. The firm did not immediately respond to requests for comment.