Brookland Capital Developing in Ocean Hill

Brookland Capital snapped up an empty lot at 729 Decatur Street in Bed Stuy/Ocean Hill last month. The sale price was $361,250. The company plans to build condos there, according to a neighbor, but no permits have been filed yet.

The seller, Thomas Mulzac, seems to have just about cornered the market on empty lots in this area about 15 years ago. One of his properties is a very prime four-lot parcel at 762-768 Macon at the corner of Howard, on a prominent corner across from Saratoga Park. Not long ago, he owned the other two empty lots down the block across from Bed Stuy Fish Fry and the park at 838-840 Halsey, where another developer is putting up a new building, as previously reported.

Neighbors speculated it won’t be long before the 700 block of Decatur sees some big developments. Men were recently seen measuring the huge eight-lot parcel on Broadway at Decatur, which is owned by HPD. Decades ago there was a large mixed-use building there.

“There hasn’t been any development here since the blackout,” said one long-time resident. “In 10 years, this will all look completely different.”

Brookland Capital’s Boaz Gilad would probably agree. “We are very bullish on East Bed Stuy, Ocean Hill, and Bushwick,” he told us.