David Sinay files 19-unit project in Crown Heights

David Sinay submitted a new building construction project for a 19-unit, 16,355 square-foot residential (R-2) building at 660 Sterling Place in Crown Heights, Brooklyn. The plan was filed on October 4, 2022. It calls for the construction of a 84-foot-tall, eight-story building and was filed with the New York City Department of Buildings under job number B08008604. The architect is S. Wieder Architect P.C. The project is described in the filing as: mixed use 8 story building with 19 dwelling units.

The property

The 745 Franklin Avenue parcel has frontage of 25 feet and is 75 feet deep with a total lot size of 1,875 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $268,000.

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 since September of 2020.

The neighborhood

In Crown Heights, the bulk, or 38 percent of the 46.6 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 36 percent of the space. In sales, Crown Heights has near average sales volume among other neighborhoods with $460.1 million in sales volume in the last two years and is the 14th highest in Brooklyn. For development, Crown Heights has near average amount of major developments among other neighborhoods and is the 7th highest in Brooklyn. It had 2.6 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space. There were two 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 five of the 15 commercial properties representing 41,360 square feet of the 87,945 square feet. The largest owner is KLM Equities, followed by Jacqueline Pierre Blanc and then Abraham Grunhut. On the tax block, there were two new building construction projects totaling 24,504 square feet. The largest is a 19-unit, 16,355 square-foot R-2 building developed by David Sinay with plans filed October 4, 2022 and it has not been permitted yet. The second largest is a seven-unit, 8,149 square-foot R-2 building developed by Dia Onizawa with plans filed December 26, 2014 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 745 Franklin Avenue, PincusCo identified six commercial real estate items of interests occurred over the past 24 months. Of those six items, six were loans above $5 million totaling $151.8 million. The most recent of the six was NYC Equities Real Estate which borrowed $21.8 million from Popular Bank secured by the 5,576-square-foot, six-unit rental (C2) on 748 Franklin Avenue and 10 other properties on July 5, 2022.
Direct link to the property’s ACRIS page and link to DOB NOW portal.