Apex Investments files plans for 224 units in East Flatbush

Apex Investments submitted a new building construction project for a 224-unit, 198,437-square-foot residential (R-2) building at 530 Utica Avenue in East Flatbush, Brooklyn. The plan was filed on June 4, 2026. It calls for the construction of a 177-foot-tall, fifteen-story building and was filed with the New York City Department of Buildings under job number B01400199. The project is described in the filing as: filing herewith to erect a 15 story mix use building as per plans. The applicant is the Registered Architect Shay Alster of Gf55 Architects Llp. Mimi Ho submitted the plans.

ZD1 DOB Zoning Diagram

530 Utica Avenue

The 16-story mixed-use building comprises 224 apartments spread across floors 2 through 15, with ground-floor retail and business offices. The cellar houses residential amenities including a laundry, playroom, lounge, and computer room, alongside mercantile storage and bike facilities.

The neighborhood

In East Flatbush, The bulk, or 32 percent of the 42.6 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 24 percent of the space. In sales, East Flatbush has near average sales volume among other neighborhoods with $489.6 million in sales volume in the last two years and is the 14th highest in Brooklyn. For development, East Flatbush has near average amount of major developments among other neighborhoods and is the 11th highest in Brooklyn. It had 1.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space. There were 100 pre-foreclosure suit filed among other development buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of three of the six commercial properties representing 7,400 square feet of the 11,360 square feet. The largest owner is Faigy Fischman , followed by Monadnock Development and then Simkho Aranbayev .
On the tax block, there were two new building construction projects totaling 496,463 square feet. The largest is a 321-unit, 338,611 square-foot residential (R-2) building submitted by Brookdale Hospital Medical Center and filed by Tony Renteria with plans filed January 5, 2022 and permitted December 4, 2023. The second largest is a 224-unit, 157,852 square-foot residential (R-2) building submitted by Mimi Ho and filed by Mimi Ho with plans filed June 4, 2026 and it has not been permitted yet.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of 530 Utica Avenue in the past 24 months.

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