Permits filed for 218-unit housing complex in East New York

The property at 50 Pennsylvania Avenue will span 179K sf

New York /
Aug.August 02, 2018 09:30 AM

50 Pennysylvania Avenue in East New York (Credit: Google Maps)

A 218-unit housing complex is coming to East New York — a sign of increasing development in the neighborhood.

Pennrose Properties, a Philadelphia-based multifamily firm, pre-filed permits for a nine-story project at 50 Pennsylvania Avenue, according to records filed with the city’s Department of Buildings on Wednesday. The plans call for a 179,000-square-foot building split between 157,000 square feet of residences and 22,000 square feet of commercial space. The structure will replace a single-story commercial building.

The new development will be built a block from the Broadway Junction transit hub, an area that has experience a surge of interest from developers. In 2016, East New York was rezoned, prompting an influx of permits to build in the area.  That year, developers filed applications for 339 residential units. The following year that number shot up to 1,303 units — many of them affordable housing.

Elsewhere in Brooklyn, Pennrose co-owns 1800 Park Place in Crown Heights. Last summer, the developer inked a deal with C-Town grocery store for 17,000 square feet for the retail portion of the development.


Related Articles

arrow_forward_ios
Anderson Cooper is selling the apartment of his late mother Gloria Vanderbilt (Getty, Corcoran)
Gloria Vanderbilt’s Beekman Place apartment lists for $1.1M
Gloria Vanderbilt’s Beekman Place apartment lists for $1.1M
Some real estate agents are seeing a rebound in international interest, but others believe foreign buyers aren’t quite back yet. (iStock)
Some say foreign buyers are back, but evidence is anecdotal
Some say foreign buyers are back, but evidence is anecdotal
Susan Rice (Getty, iStock)
Susan Rice to co-chair home appraisal inequity task force
Susan Rice to co-chair home appraisal inequity task force
Rep. Alexandria Ocasio-Cortez and President Joe Biden (Getty)
Tenant advocates frustrated with Biden’s eviction response
Tenant advocates frustrated with Biden’s eviction response
Atlas Hospitality Managing Member Raj Guru and Vinod Chand with 711 Seventh Avenue (Atlas, Google Maps)
Atlas plans 401-room hotel at 711 Seventh Avenue
Atlas plans 401-room hotel at 711 Seventh Avenue
Dumped by Macklowe and Churchill, Core Real Estate demands fees
Dumped by Macklowe and Churchill, Core Real Estate demands fees
Dumped by Macklowe and Churchill, Core Real Estate demands fees
The average iBuyer offer is now above 100 percent of market value. (iStock)
iBuyers upping offers as housing market rises
iBuyers upping offers as housing market rises
Slowdown in pending homes sales signals “turning point” for housing market
Slowdown in pending homes sales signals “turning point” for housing market
Slowdown in pending homes sales signals “turning point” for housing market
arrow_forward_ios

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

Loading...