A 63-unit rental building on Eastern Parkway has been sold for $52 million, after being purchased as a vacant lot in 2012 for $8.3 million.
Plans for a seven story 129,724 square foot apartment building on S. Johns Place have been filed with the Department of Buildings, of which 83,789 will be residential and make up 122 apartments averaging around 650 square feet per apartment.
Demolition has begun at the site of a former mechanic shop on East New York Avenue. Developers have filed plans for a new five-story, eight-unit apartment building to take its place.
In the borough that’s outpacing Manhattan in new construction projects, Crown Heights and its southern neighbor, Prospect-Lefferts Gardens, are seeing a particularly visible building boom.
New construction plans have been filed for a massive, seven-story, 209-unit residential tower on Franklin Avenue in Crown Heights. The lot, which now holds a single-story linen-cleaning operation and warehouses, will be demolished to make way for the 168,000 square foot development.