Benjamin-Beechwood files plans for 237 units in Arverne

Gerry Romski, affiliated with the Benjamin-Beechwood partnership of Benjamin Development Company and Beechwood Organization submitted a new building construction project for a 237-unit, 261,313 square-foot residential (R-2) building at 141 Beach 67th Street in Arverne, Queens. The plan was filed with the New York City Department of Buildings on November 3, 2022 under job number Q08031880. It calls for the construction of a 12-story building. The project is described in the filing as: construct a 12-story multifamily residential complex with commercial space and open parking on the ground floor. The architect is Fxcollaborative Architects LLP.

The plans calls for retail stores, surfboard storage and other uses on the first floor, and between 17 and 24 residential units each on floors two through 12.

Benjamin-Beechwood filed similar plans for 126 units at 190 Beach 69th Street in Arverne in 2015, The Real Deal reported at the time.

The property

The Beach 69th Street parcel has frontage of 495 feet and is 410 feet deep with a total lot size of 206,538 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $11.8 million.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Arverne, the bulk, or 37 percent of the 1.4 million square feet of commercial built space are specialty buildings, with elevator buildings next occupying 34 percent of the space. In sales, Arverne has near average sales volume among other neighborhoods with $4.8 million in sales volume in the last two years and is the 55th highest in Queens. For development, Arverne has near average amount of major developments among other neighborhoods and is the 17th highest in Queens. It had 413,360 square feet of commercial and multi-family construction under development in the last two years, which represents 30 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the four commercial properties representing 289,722 square feet of the 289,722 square feet. The two identified owners are Beechwood Organization and Benjamin Companies. On the tax block, there was one new building construction project filed totaling 261,313 square feet. It is a 237-unit, 261,313 square-foot residential (R-2) building developed by Benjamin Development Company|Beechwood Organization and submitted by Gerry Romski with plans filed November 3, 2022 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of Beach 69 street, Pincusco identified one commercial real estate item of interests occurred over the past 24 months. It was a loan which Benjamin Companies and Beechwood Organization borrowed $30 million from TriState Capital Bank secured by the 143,839-square-foot, 89-unit rental (D6) on 6804 Tides Road on October 4, 2022.

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