Demo plans filed at Boerum Hill buildings damaged in fire, site to be rehabilitated

Hidrock Properties, on September 7, filed a permit application for the demolition of two buildings damaged in a 5-alarm fire, 110 Boerum Place and 96 Boerum Place, in Boerum Hill, Brooklyn. Shlomi Avdoo, of Avdoo & Partners Development, filed the plans. He is a consultant for the redevelopment, a person familiar with the filings said.

The buildings are both two-story structures and fill the entire block front on Boerum Place between Pacific Street and Dean Street. The fire in March 2022 severely damaged the mixed-use buildings which included residential apartments and a gym.

The owner plans to rehabilitate the site as a mixed-use property, a person familiar with the property said. Hidrock acquired the two properties for $30.5 million on January 24, 2017.

The 110 Boerum Place parcel has frontage of 136 feet and is 100 feet deep with a total lot size of 14,240 square feet. The lot is irregular. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $8.3 million.The most recent loan totaled $18.3 million and was provided by Signature Bank in December 2020.

The retail building in Boerum Hill has 28,480 square feet of built space for a total buildable of 28,480 square feet according to PincusCo analysis of city data.

The 28,480-square-foot property generated revenue of $1.6 million or $57 per square foot, according to the most recent income and expense figures.

The 96 Boerum Place parcel has frontage of 64 feet and is 50 feet deep with a total lot size of 3,200 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.7 million.

The retail building in Boerum Hill has 6,400 square feet of built space and 3,200 square feet of additional air rights for a total buildable of 9,600 square feet according to PincusCo analysis of city data.

The 6,400-square-foot property generated revenue of $360,437 or $56 per square foot, according to the most recent income and expense figures.

Direct link to Acris document. LINK
Direct link to 96 Boerum Place DOB document. LINK

Direct link to 110 Boerum Place DOB document. LINK