This Mixed-Use Building in Williamsburg Could Become a Bigger Building Soon

The building at right and an empty lot on the other side of it seem likely to become a bigger apartment building soon. A demolition permit was approved this month for the three-story building at 169 Graham Avenue in Williamsburg. The building, along with 150 Meserole Street, an adjoining vacant lot, were purchased by an LLC in February for $7.5 million.

Though no building permits have been filed yet, the two lots together have a combined 13,668 buildable square feet. That’s enough for a medium size apartment building with about four stories and 12 to 24 apartments.

The building and the lot together measure 75 by 75 feet, or 5,625 square feet. They were bought in August of 2014 by an LLC for $5,585,000. The owner sat on the property for six months and then sold it for nearly $2,000,000 more than he paid.

According to the demolition permits, the new owner of the property is Yoel Schwimmer of SYG Realty in South Williamsburg. Other Schwimmer properties include 270 Green Street in Greenpoint, where Charles Mallea is the architect, according to NY YIMBY. Charles Mallea designs mostly traditional brick buildings, although the firm is best known for its controversial jagged mirror design for 410 Tompkins Avenue.

In shape and size, this property could end up looking a lot like the new residential building pictured above at left. GMAP

Photos by Christopher Bride for PropertyShark