Lay Assets permitted for 75-unit, 59K-square-foot mixed-use building in Midwood

Eddie Yair’s Lay Assets, on March 3, was given a permit for construction of a 75-unit, 59,559-square-foot mixed-use building at 1775 Coney Island Avenue in Midwood, Brooklyn.

The developer acquired the property from Henry A. Alpert’s Spartan Petroleum Corp for $4.5 million on November 17, 2020. At the time of purchase, PincusCo reported the parcel had a total development potential of 59,960 square feet.

Below are zoning diagrams for the development.

The plans, pre-filed on January 12, 2021, call for the construction of an 85-foot tall, eight-story, 59,559-square-foot residential building with 75 residential units.

The project is described in the filings as: proposed new eight-story, commercial and 75 residential dwelling units.

Per the plans, the ground floor of the building will have a residential lobby, commercial office space, health facility space, one dwelling unit and parking space. The second floor will have 10 dwelling units and recreation space. Floors three through seven will each have 11 dwelling units per floor, and the eighth floor will have nine dwelling units and terraces.

Studio Gallos is listed as the architect.

Direct link to Acris document. LINK

Direct link to DOB document. LINK