155 units envisioned for funeral home site in Bensonhurst

The owner of a Brooklyn funeral home submitted plans seeking a zoning change in order to replace the current structure and build a 155-unit residential, commercial and community facility building including affordable units at 2525 65th Street, in Bensonhurst, Brooklyn. The application identifies the neighborhood as Midwood.

The Dahill Funeral Home owns the property and occupies a portion of it. Ed Sparacio, a manager at Dahill Funeral Home, filed the application which is dated September 19, 2022.

The plan is described as: Zoning map and text amendment, rezoning from M1-1/R5B to R7A-2/C2-4 to facilitate a new 13-story, 204,014-square-foot, mixed-use development, comprising 143,592 square feet of residential area including 155 total units, and of those 39 will be affordable, and 23,122 square feet of commercial area, and 36,680 square feet of community facility [space].

The triangle-shaped parcels is occupied by a retail building with 35,460 square feet of built space according to PincusCo analysis of city data. The parcel has frontage of 262 feet and is 200 feet deep with a total lot size of 31,000 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $4.5 million.

The 35,460-square-foot property generated revenue of $793,782 or $22 per square foot, according to the most recent income and expense figures.

On this tax block, PincusCo has identified the owners of four of the 12 commercial properties representing 130,800 square feet of the 213,760 square feet. The largest owner is Faraj Srour, followed by Denali Management and then Abro Management. there are no active new building construction projects on this tax block.

Within a 400-foot radius of 2537 65 Street, PincusCo identified three commercial real estate items of interests occurred over the past 24 months. One of those three items was a sale which Denali Management bought the 40,000-square-foot, 42-unit rental (C1) on 1529 Dahill Road for $7.8 million from Knoll family on January 3, 2022. Of those three items, two were loans above $5 million totaling $20.7 million. The most recent of the two was Denali Management which borrowed $5.6 million from JPMorgan Chase secured by the 40,000-square-foot, 42-unit rental (C1) on 1529 Dahill Road on January 3, 2022.

Direct link to the property’s ACRIS page and link to DOB NOW portal.