E&M planning 70-unit project in Flatbush

Project at 1457 Flatbush Avenue would span about 59,000 square feet

New York /
Aug.August 22, 2018 12:55 PM

1457 Flatbush Avenue and Irving Langer (Credit: Google Maps and Getty Images)

The latest play from Irving Langer’s E&M Associates is a 70-unit mixed-use building in Flatbush.

The company has pre-filed plans for the nine-story, 95-foot tall building at 1457 Flatbush Avenue with the city’s Department of Buildings. It will span roughly 59,000 square feet and include about 12,000 square feet of commercial space on the first two floors. The project will replace a two-story commercial building.

Langer has owned the property since at least 1998. He said he has not yet decided whether the apartments will be affordable or market-rate.

His firm is also looking to sell a nine-building portfolio it bought two years ago in Washington Heights for between $200 million and $215 million.  Earlier this year, E&M sold a 108-unit multifamily building in Far Rockaway to Staten Island-based investor Vincent Ragosta for $22 million and went under contract to sell a 21-building portfolio in Harlem to Isaac Kassirer for $85 million.

Other projects coming to Flatbush include a 105-unit mixed-use development at2708 Snyder Avenue from developer Anshel Friedman and a 38-unit mixed-use project at 2251 Nostrand Avenue from Alex Adjmi’s A&H Acquisitions.


Related Articles

arrow_forward_ios
Professor Caroline Keating. (Colgate, One57)
Psychology professor closes deal on Billionaires’ Row condo
Psychology professor closes deal on Billionaires’ Row condo
The effective rate was 1.1 percent, on average, in 2020, down from 1.14 percent in 2019. (iStock)
Homeowners’ property taxes grew twice as fast last year
Homeowners’ property taxes grew twice as fast last year
Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and 22 East 67th Street (Getty, Corcoran, Google Maps)
Phil Falcone files appeal halting foreclosure of UES, Hamptons homes
Phil Falcone files appeal halting foreclosure of UES, Hamptons homes
HomeX founders Michael Lerner and Vincent Payen (HomeX)
HomeX nabs $90M to connect homeowners and repair techs
HomeX nabs $90M to connect homeowners and repair techs
A rendering of 85 Jay Street and RXR Realty CEO Scott Rechler (Winick, Getty)
RXR makes $220M apartment bet in Brooklyn
RXR makes $220M apartment bet in Brooklyn
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Steve Cohen and One Beacon Court at 151 East 58th Street (Corcoran, Getty)
Manhattan luxury market sees best week since 2013
Manhattan luxury market sees best week since 2013
Solow Building Company chairman Stefan Soloviev, CEO Michael J. Hershman and vice chairman Hayden Soloviev (Solow Residential, Fairfax, LinkedIn)
Stefan Soloviev, Sheldon Solow’s son, reorganizes family firm
Stefan Soloviev, Sheldon Solow’s son, reorganizes family firm
arrow_forward_ios

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

Loading...