Prospect-Lefferts Gardens is getting a new 165-unit apartment building

The site sold for $20.5M in August

TRD New York /
Dec.December 23, 2019 02:30 PM
210 Clarkson Avenue (Credit: Google Maps)

210 Clarkson Avenue (Credit: Google Maps)

A Queens-based family firm filed plans on Friday for a new apartment building in Prospect-Lefferts Gardens.

K2 Real Estate Partners filed plans for an eight-story, 161,000-square-foot apartment building at 210 Clarkson Avenue, Department of Buildings records show. The project is expected to feature 165 apartments, as well as a supermarket on the first floor. Manhattan-based Hill West is the architect of record.

An entity tied to Shmuel Wallerstein purchased the site for $20.5 million in August. But Andrew Klein of K2 appears on the latest DOB filings. The seller was Clarkson Corp., a partnership controlled by multifamily operator Albert Srour.

The sale was one of the first Opportunity Zone deals in the area, according to Real Estate Weekly. There are 125 Opportunity Zone Census tracts across more than 24 neighborhoods in Brooklyn, according to commercial brokerage TerraCRG. The federal government released the final set of regulations for the program last week.

Around the time that the deal closed, the DOB approved an application to demolish a two-story retail building on the site.

Representatives of K2 and Wallerstein could not immediately be reached for comment.


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