Level One planning its biggest project yet in Boerum Hill

Development would span more than 133K sf

Feb.February 08, 2019 03:00 PM

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

Related Articles

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone