Another Brooklyn gas station has been snapped up for development, this one in Clinton Hill. A developer, The Daten Group, bought 840 Fulton Street, at the corner of Vanderbilt Avenue, for $7,400,000 on September 30, according to the Commercial Observer.
The firm plans to build a seven-story mixed-income rental building. The 40,000-square-foot development will have 38 apartments, 20 percent of which will be affordable. There will be 5,000 square feet of retail in the project, which is scheduled to begin construction in March 2015 and finish two years later. KBA Architects will design the building, which will cost approximately $20,000,000 to build, said the story. The Daten Group’s management company, Vibe Living, will manage and market the rentals, and Douglas Elliman will handle the initial leasing campaign.
The deal included 3,464 square feet of air rights from a neighboring property at 848 Fulton Street, which is a four-story building with apartments and a Thai restaurant on the ground floor. The sale has not yet hit public records. The developer hasn’t filed any demolition or new building applications yet either.
Daten Group Buys Vacant Clinton Hill Gas Station for $7.4 Million [NYO] GMAP
Rendering via NYO