Here’s the next residential building coming to Crown Heights

Project at 1515 Park Place would stand eight stories tall

TRD New York /
Sep.September 05, 2018 11:48 AM

A rendering of 1515 Park Place and the site in Crown Heights (Credit: S. Weider Architects and Google Maps)

Crown Heights is getting another new residential building.

JIH Builders filed permits with the Department of Buildings on Wednesday for an eight-story, 52-unit residential building in the neighborhood at 1515 Park Place. The building will span about 35,000 square feet and sit on a 60-foot-wide lot, where it will replace a two-story home. It will stand 84 feet tall.

The units will be market-rate rentals, and the building will include amenities like a gym and rooftop deck, according to JIH Builders CEO Isaac Hirsch. He hopes to start construction in October and finish by the end of 2019.

The company bought the property in January for slightly more than $4 million. It is also working on projects at 223 Manhattan Avenue in Williamsburg, 560 Madison Street in Bedford-Stuyvesant and 223 Buffalo Avenue in Crown Heights.

Elsewhere in Crown Heights, All Year Management recently financed a rental building at 1040 Dean Street with a $55 million loan, and Isaac Hager’s Cornell Realty Management sold of a piece of its 565-unit residential development site.


Related Articles

arrow_forward_ios
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

arrow_forward_ios