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

The property at 50 Pennsylvania Avenue will span 179K sf

TRD 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

From left: Jed Wilder, Bess Freedman, Richard Grossman, Josh Sarnell and Adam Mahfouda (Credit: Emily Assiran) 

Agents to StreetEasy: The fee is too damn high

40 East 72nd Street (Credit: Google Maps)

Nightmare on E. 72nd Street raises question: Are small condos risky?

Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago