Crown Heights Gas Station Sells for $32.5 Million, Eight-Story Building Planned

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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

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