HPD files plans for 161-unit building in Gowanus
8 5th Street (Credit - Cyclomedia)
The New York City Department of Housing Preservation and Development submitted a new building construction project for a 161-unit, 156,192 square-foot residential (R-2) building at 8 Fifth Street in Gowanus, Brooklyn. The plan was filed with the New York City Department of Buildings on July 30, 2024 under job number B01051984. It calls for the construction of a nine-story building. The project is described in the filing as: Application filed to erect nine-story new building. The architect is Marvel Architects.
| wdt_ID | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|
| 1 | Open Space | RESIDENTIAL COURTYARD | Apartment | 8 | Residential | II | |
| 2 | Open Space | COMMERCIAL COURTYARD | Retail Sale | 33 | Mercantile | VI | |
| 3 | 1 | RESIDENTIAL MAIL & PACKAGE ROOM | Apartment | 4 | Residential | II | |
| 4 | 1 | BUILDING MANAGEMENT OFFICE | Business and Service | 9 | Business | II | |
| 5 | 1 | ACCESSORY BUILDING STORAGE | Storage of non combustible Materials | 3 | Storage | II | |
| 6 | 1 | AMENITY LOUNGE | Apartment | 20 | Residential | II | |
| 7 | 1 | FITNESS AMENITY | Apartment | 15 | Residential | II | |
| 8 | 1 | BICYCLE STORAGE ROOM | Storage of non combustible Materials | 3 | Storage | II | |
| 9 | 1 | RESIDENTIAL LOBBY | Apartment | 0 | Residential | II | |
| 10 | 1 | COMPACTOR, WATER METER ROOM, ELECTRICAL ROOMS, TELECOM, FIRE PUMP ROOM, ATS ROOM | Mechanical and/or electrical equipment room | 10 | Factory and Industrial | II | |
| 11 | 1 | SERVICE ENTRANCE | Apartment | 2 | Residential | II | |
| 12 | 1 | RETAIL #1 | Retail Sale | 93 | Mercantile | VI | |
| 13 | 1 | RETAIL #2 | Retail Sale | 33 | Mercantile | VI | |
| 14 | 1 | RETAIL #3 | Retail Sale | 39 | Mercantile | VI | |
| 15 | 1 | RETAIL #4 | Retail Sale | 75 | Mercantile | VI | |
| 16 | 1 | LAUNDRY AMENITY | Apartment | 9 | Residential | II | |
| 17 | 1 | BUILDING SUPERINTENDENT'S OFFICE, WORKSHOP & STAFF BREAK ROOM | Apartment | 8 | Residential | II | |
| 18 | 2 | (3) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 3 |
| 19 | 2 | (19) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 19 |
| 20 | 3 | (4) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 4 |
| 21 | 3 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 22 | 4 | (4) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 4 |
| 23 | 4 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 24 | 5 | (4) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 4 |
| 25 | 5 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 26 | 6 | (4) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 4 |
| 27 | 6 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 28 | 7 | (4) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 4 |
| 29 | 7 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 30 | 8 | (3) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 3 |
| 31 | 8 | RESIDENTIAL AMENITY WITH PASSIVE RECREATION TERRACE | Apartment | 22 | Residential | II | |
| 32 | 8 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 33 | 9 | (16) CLASS A APARTMENTS | Apartment | 0 | Residential | II | 16 |
| 34 | 9 | (4) APARTMENTS (SUPPORTIVE HOUSING UNITS, NON PROFIT INSTITUTION WITH SLEEP ACCOMMODATIONS) | Apartment | 0 | Residential | III | 4 |
| 35 | Roof | ROOF, MECHANICAL EQUIPMENT ROOMS | Mechanical and/or electrical equipment room | 2 | Factory and Industrial | II |
The property
The parcel has frontage of 393 feet and is 605 feet deep with a total lot size of 183,662 square feet. The lot is irregular. The zoning is M1-4/R7-2 which allows for up to 2 times floor area ratio (FAR) for manufacturing and up to 3.44 times FAR for residential. The city-designated market value for the property in 2022 is $9.4 million.
Development
Rona Reodica of NYC Department of Housing Preservation and Development submitted a new building construction project for a 161-unit, 156,192 square-foot residential (R-2) building at 8 Fifth Street. The plan was filed on July 30, 2024. It calls for the construction of a 94-foot tall, nine-story building and was filed with the New York City Department of Buildings under job number B01051984. The architect is Marvel Architects Pllc. The project is described in the filing as: dev hub consult on 5/23/24. application filed to erect 9 story new building.
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 Gowanus, The bulk, or 46 percent of the 9.2 million square feet of commercial built space are industrial buildings, with elevator buildings next occupying 19 percent of the space. In sales, Gowanus has near average sales volume among other neighborhoods with $680 million in sales volume in the last two years and is the 6th highest in Brooklyn. For development, Gowanus has near average amount of major developments among other neighborhoods and is the 4th highest in Brooklyn. It had 3 million square feet of commercial and multi-family construction under development in the last two years, which represents 33 percent of the neighborhood’s built space. There was one 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 four of the eight commercial properties representing 19,241 square feet of the 88,069 square feet. The largest owner is H&R Reit, followed by International Baptist Church and then Nyc Department Of Housing Preservation And Development. On the tax block, there were six new building construction projects totaling 1,572,895 square feet. The largest is a 496-unit, 421,918 square-foot residential (R-2) building submitted by Yoel Schwimmer and filed by Yoel Schwimmer with plans filed November 16, 2021 and permitted May 17, 2022. The second largest is a 333-unit, 308,273 square-foot residential (R-2) building submitted by APT Developers and filed by Y S with plans filed December 24, 2021 and permitted May 4, 2022.
The owner
The PincusCo database currently indicates that Nyc Department Of Housing Preservation And Development owned at least 88 commercial properties with 105 residential units in New York City with 175,318 square feet and a city-determined market value of $147.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 45 percent of the 175,318 square feet of built space are specialty properties, with elevator properties next occupying 32 percent of the space. The bulk, or 73 percent of the built space, is in Manhattan, with Brooklyn next at 24 percent of the space.
The surrounding
Within a 400-foot radius of Smith street, PincusCo identified four commercial real estate items of interests occurred over the past 24 months. One of those four items was a sale which H&R REIT bought the 0-square-foot industrial (Z9) on 459 Smith Street for $76.5 million from Downtown Capital Partners and All Year Management on March 11, 2024. Of those four items, three were loans above $5 million totaling $102 million. The most recent of the three was Downtown Capital Partners and H&R REIT in which borrowed $36 million from Downtown Capital Partners secured by the 0-square-foot industrial (Z9) on 459 Smith Street on June 4, 2024.
Direct link to the property’s ACRIS page and link to DOB NOW portal.