E&M planning 70-unit project in Flatbush
Project at 1457 Flatbush Avenue would span about 59,000 square feet
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.