Joel Weiss files plans for 99-unit building in Cypress Hill
229 Shepherd Avenue (Credit - Cyclomedia)
Joel Weiss of Empire Management & Construction submitted a new building construction project for a 99-unit, 64,014 square-foot residential (R-2) building at 229 Shepherd Avenue in Cypress Hills, Brooklyn. The plan was filed with the New York City Department of Buildings on May 23, 2025 under job number B01225983. It calls for the construction of an eight-story building. The project is described in the filing as: proposed new eight-story mixed-use building. The architect is Djlu Architect.
229 Shepherd Avenue
| wdt_ID | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|
| 1 | 1 | FIVE (5) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 5 | |
| 2 | 1 | RESIDENTIAL LOBBY. 50 BICYCLE PARKING SPACES 287.31 SF. LAUNDRY ROOM. UTILITY ROOMS. TRASH COMPACTOR ROOM. | Apartment | N/A | Residential | ||
| 3 | 1 | COMMERCIAL SPACE. | Service Establishment | 119 | Mercantile | ||
| 4 | 2 | FOURTEEN (14) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 14 | |
| 5 | 3 | FOURTEEN (14) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 14 | |
| 6 | 4 | FOURTEEN (14) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 14 | |
| 7 | 5 | FOURTEEN (14) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 14 | |
| 8 | 6 | FOURTEEN (14) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 14 | |
| 9 | 7 | OUTDOOR RECREATION SPACE 783.98 SF. | Apartment | 5 | Residential | ||
| 10 | 7 | TWELVE (12) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 12 | |
| 11 | 8 | TWELVE (12) CLASS 'A' DWELLING UNITS. | Apartment | N/A | Residential | 12 | |
| 12 | 0 | STAIR AND ELEVATOR BULKHEADS. ELEVATOR MACHINE ROOM. HVAC UNITS. | Apartment | N/A | Residential |
The property
The retail building in Cypress Hills has 4,332 square feet of built space and 119,993 square feet of additional air rights for a total buildable of 124,331 square feet according to a PincusCo analysis of city data. The parcel has frontage of 207 feet and is 105 feet deep with a total lot size of 20,653 square feet. The lot is irregular. The zoning is R8A which allows for up to 6.02 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $973,000.
Prior sales and revenue
This property was sold for $1.4 million on August 16, 2010.
The 4,332-square-foot property generated revenue of $212,869 or $49 per square foot, according to the most recent income and expense figures.
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 Cypress Hills, The bulk, or 24 percent of the 8.6 million square feet of commercial built space are mixed-use buildings, with specialty buildings next occupying 20 percent of the space. In sales, Cypress Hills has near average sales volume among other neighborhoods with $79.3 million in sales volume in the last two years and is the 37th highest in Brooklyn. For development, Cypress Hills has near average amount of major developments among other neighborhoods and is the 19th highest in Brooklyn. It had 859,846 square feet of commercial and multi-family construction under development in the last two years, which represents 10 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of two of the 10 commercial properties representing 7,521 square feet of the 45,114 square feet. The two identified owners are Nazrul Islam and Ramos Lucino. On the tax block, there was one new building construction project filed totaling 64,014 square feet. It is a 99-unit, 64,014 square-foot residential (R-2) building submitted by Joel Weiss with plans filed May 23, 2025 and it has not been permitted yet.
The surrounding
Within a 400-foot radius of 3105 Atlantic Avenue, PincusCo identified four commercial real estate items of interests occurred over the past 24 months. Of those four items, one was in new building development. It was a new building permit issued on August 27, 2024 for a 34,153-square-foot residential (R-2) building with 49 residential units at 3051 Atlantic Avenue. One of those four items was a sale which Macchia Group bought the 1,845-square-foot, one-unit retail building (G4) on 3123 Atlantic Avenue for $5.8 million from Doron Markowitz on January 8, 2025. Of those four items, two were loans above $5 million totaling $30 million. The most recent of the two was Joel Schwartz in which borrowed $17.5 million from Yakar Partners secured by the 5,720-square-foot, 49-unit rental (D7) on 3051 Atlantic Avenue on March 13, 2025.
Direct link to the property’s ACRIS page and link to DOB NOW portal.