254 Euclid Avenue
Cypress Hills, Brooklyn
Parcel ID (BBL): 3041430002
Acquired: December 29, 2022, $13.5 million
Debt: December 29, 2022, $224.6 million
Built: 2023
Renovated: 2023
SF: 474,715
Dwelling units: 436
No. of buildings: 1
Class: Fireproof (Standard Construction Without Stores) (D3)
Floors: 14
Legacy BBLs: 3041430001
Transactions:
• Company sold 254 Euclid Avenue, 254 Euclid Avenue, 254 Euclid Avenue, 254 Euclid Avenue, and 254 Euclid Avenue, Cypress Hills, Brooklyn for $0 to company on February 03, 2025.
• Phipps Houses borrowed $224.6 million from NYC Housing Development Corporation for 247 Chestnut Street, Cypress Hills, Brooklyn on December 29, 2022.
• Phipps Houses sold N/A Chestnut Street, Cypress Hills, Brooklyn for $13.5 million to Phipps Houses on December 29, 2022.
Development:
• Michael Wadman filed plans for SC in Cypress Hills, Brooklyn, on June 27, 2024.
• Christian Natoli filed plans for alteration in Cypress Hills, Brooklyn, on March 25, 2024.
• Michael Wadman filed plans for alteration in Cypress Hills, Brooklyn, on October 27, 2023.
• Michael Wadman filed plans for alteration in Cypress Hills, Brooklyn, on October 02, 2023.
• Michael Wadman filed plans for alteration in Cypress Hills, Brooklyn, on October 02, 2023.
Violations:
According to city public data, the properties have not received any significant violations in the last year.