1525 bedford avenue crown heights 122014

A Crown Heights gas station and car wash at Bedford Avenue and Eastern Parkway has just sold for the jaw-dropping price of $32,500,000, and is already being dismantled to make way for an eight-story apartment building. Developer Adam America was the buyer of the 24,000-square-foot property at 1525 Bedford Avenue, as The Real Deal was the first to report. The new development will have 133 units spread across 91,337 square feet of residential space, and 20 percent of the apartments will be affordable, according to new building applications filed yesterday. Issac and Stern are the architects of record.

There will also be 14,669 square feet of commercial space, 42 underground parking spots, a gym, roof deck and basketball court, according to broker TerraCRG. The gas station closed last month, and a construction fence went up around the site a few weeks ago. The photo above shows workers taking down the BP sign in December. 

Adam America’s first project in Crown Heights was a seven-story rental building at 500 Sterling Place, which began leasing last summer and sold last week for $48,000,000, according to The Real Deal.

Adam America Developing 130-Unit Crown Heights Building [TRD] GMAP


What's Your Take? Leave a Comment

  1. I have no problem with underground parking. Some people are always going to have jobs where public transit, as currently arranged, doesn’t make sense. 42 spots really isn’t a lot for 133 units plus commercial space. In fact, an argument could be made that New York sets up entirely incorrect incentives, making miles of street parking *free* and charging exorbitant amounts for off-street parking. An interesting experiment might be to price street parking for demand, for deliveries and short trips, and instead incentivize what’s essentially vehicle STORAGE to move to garages.
    *
    Look at the streets of our fair city at 10-11am after a light snowfall, and you will see how many cars have not been moved since the previous night. This is storage, not parking. Move it inside.

  2. No. The developers will throw 4 feet of clean dirt over the contaminated soil so it’ll pass the environmental tests and they’ll get to build right away. That’s how residential buildings were able to get built in the toxic wasteland called Williamsburgh

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