The Real Deal New York

Level One planning its biggest project yet in Boerum Hill

Development would span more than 133K sf
February 08, 2019 03:00PM

58 Saint Mark’s Place (Credit: Google Maps)

Level One Holdings is planning a 102-unit mixed-use building in Boerum Hill, which would be the largest building in the firm’s portfolio.

The project at 58 Saint Mark’s Place would span 133,408 square feet, split between 124,767 square feet of residential space and 8,274 square feet of retail space, according to PincusCo. The company filed plans to demolish several buildings on the parcel last July.

Shlomi Avdoo and Robert Loheit, co-founders of Level One, assembled the site in four deals for six parcels. They closed in June for slightly more than $32 million.

The company has received $24.75 million in debt from Bank Leumi for the project. The largest building they had filed plans for before this was at 740 Dekalb Avenue in Bedford-Stuyvesant, a 37-unit residential project spanning 25,480 square feet. [PincusCo] – Eddie Small