Developer Expands in Bed Stuy, Starts Leasing in Landmarked Building

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    Developer Weissman Equities has launched rentals at its second Bed Stuy building, above, at 616 Halsey Street on the corner of Malcolm X. Two three-bedroom units are available at $2,950 a month.

    The six-unit, circa 1892 Romanesque Revival building is landmarked. It was designed by Walter M. Coots. Weissman Equities is renovating four of the units, which were delivered vacant when it purchased the building for $1,500,000 in August, according to Weissman Equities Partner Seth Weissman.

    Two more units will be available soon; the two upper units are rent regulated and occupied. Pending Landmarks approval, the firm is also fixing up the building exterior with new signage, lighting and plantings, and plans to re-open the building’s original second retail space, now bricked in and used as storage. The current retail tenant, a liquor store, will stay.

    The renovated units, previously two-bedrooms with large living rooms, have been completely reconfigured and have new kitchens, baths, closets and washers and dryers.

    Meanwhile, over at 426 Bainbridge Street, which we wrote about in August, a block print company is moving in and will have production as well as retail space. The building’s residential spaces are almost ready for move-ins, pending some renovations that have been held up due to the weather, and Weissman Equities is close to signing a lease for the second retail space.

    Weissman Equities also recently picked up another mixed-use building at 216 Malcolm X Boulevard and is looking at other properties in the area.

    By remaking long-shuttered retail space, the firm hopes to bring positive change to the neighborhood, said Weissman, as it has done on Fire Island, where it owns a large number of properties in one area. It also recently launched the first micro apartments in Harlem. “We are excited to be a catalyst,” he said. Click through to the jump to see interior photos of the new units.

    616 Halsey Street 1R [Corcoran]
    Big Plans for Bed Stuy East Retail [Brownstoner]
    Photos after the jump by Weissman Equities via Corcoran

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