550 4th avenue

Brookland Capital, which has made a name for itself by developing a remarkable number of condos in Bed Stuy, Clinton Hill, Crown Heights and even in East Flatbush, has unveiled a new building in a bit of a more expensive neighborhood: the Gowanus side of 4th Avenue.

The rendering, which was first published by New York YIMBY, shows a glassy 11-story tower. Many units have terraces and there is a penthouse unit set back at the top.

When complete, the building will be 31,859 square feet and will have 30 apartments, according to plans submitted in December and yet to be approved. (The developer told NYY it will have 38 units.)

There will be a gym and a common terrace on the second floor. At street level, the building will have a 5,000 square foot retail space divided into two units — much preferable to a blank wall for parking, we think. The building was designed by architecture firm RoArt.

Brookland purchased five lots, 550-554 4th Avenue and 138 and 140 15th Street, last year for a combined $7,400,000. The parcels on 15th Street have what appear to be identical wood frame houses on the lots that the developer will need to demolish. A single story commercial building that housed a grocery store sits on the 4th Avenue lots.

Revealed: Brookland’s Park Slope Condos at 550 4th Avenue [NYY]
Rendering by RoArt; photo by Google Maps

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