LC Management files plans for 75-unit mixed-use building in Bushwick
301 - 343 Himrod Street (Credit - Cyclomedia)
LC Management submitted a new building construction project for a 75-unit, 50,651 square-foot mixed-use building at 343 Himrod Street in Bushwick, Brooklyn. The plan was filed with the New York City Department of Buildings on February 10, 2025 under job number B01170890. It calls for the construction of a eight-story building. The project is described in the filing as: proposed new mixed-use 8-story and cellar building. The architect is ND Architecture & Design.
Landau Cheskal submitted the plans. He also uses the name Cheskal Landau.
The developer through the entity 301 Himrod LLC signed a 99-year ground lease valued at $9.5 million, PincusCo reported earlier this month.
The Manhattan-based MKF Group as landlord representative executed a 99-year ground lease valued at $9.5 million for a Bushwick development site at 301 Himrod Street last month, according to sources familiar with the deal. The parcel is a 16,500-square-foot parking lot in an R6 zoning district providing about 36,300 square feet of buildable potential, valuing the land at about $262 per square foot. The site is also known as 343 Himrod Street.
PincusCo, using the ground tenant LLC, identified the developer as Chaskel Landau, a major landlord and a developer, who also uses the business name LC Management USA.
343 Himrod Street
| wdt_ID | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|
| 1 | Cellar | BICYCLE STROAGE ROOM LAUNDRY ROOM | Apartment | N/A | Residential | ||
| 2 | Cellar | COMMON TENANT RECREATIONAL SPACE | Apartment | N/A | Residential | ||
| 3 | Cellar | TRASH COMPACTOR ROOM | Apartment | N/A | Residential | ||
| 4 | Cellar | ELECTRICAL METER EQUIPMENT ROOM PUMP ROOM WATER METER EQUIPMENT ROOM HWH ROOM TELECOM CLOSET | Apartment | N/A | Residential | ||
| 5 | 1 | COMMERCIAL SPACE RETAIL STORE | Retail Sale | N/A | Mercantile | C1-3 | |
| 6 | 1 | MAIL ROOM PACKAGE ROOM | Apartment | N/A | Residential | ||
| 7 | 1 | COMMUNITY FACILITY | Apartment | N/A | Residential | ||
| 8 | 1 | SEVEN (7) CLASS A DWELLING UNITS | Apartment | N/A | Residential | 7 | |
| 9 | Roof Terrace - 1 | OPEN ROOF TERRACE COMMON TERRACE RECREATIONAL SPACE | Apartment | N/A | Residential | ||
| 10 | 2 | TRASH ROOM | Apartment | N/A | Residential |
The property
The industrial building in Bushwick has 990 square feet of built space and 39,105 square feet of additional air rights for a total buildable of 40,095 square feet according to a PincusCo analysis of city data. The parcel has frontage of 125 feet and is 200 feet deep with a total lot size of 16,500 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $379,000.
Prior sales and revenue
This property was last sold for $9.5 million on August 27, 2015.
Violations and lawsuits
According to city public data, the property has received $1,200 in OATH penalties in the last year.
There were no lawsuits or bankruptcies filed against the property for the past 24 months.
The neighborhood
In Bushwick, The bulk, or 44 percent of the 33.6 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 18 percent of the space. In sales, Bushwick has near average sales volume among other neighborhoods with $474 million in sales volume in the last two years and is the 11th highest in Brooklyn. For development, Bushwick has near average amount of major developments among other neighborhoods and is the 18th highest in Brooklyn. It had 828,100 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of 22 of the 40 commercial properties representing 125,635 square feet of the 205,445 square feet. The largest owner is Anthony Dirusso, followed by Moses Mizrahi and then Spiro Grigoropoulos. On the tax block, there were two new building construction projects totaling 96,992 square feet. The largest is a 75-unit, 50,651 square-foot 69 building submitted by LC Management and filed by Landau Cheskal with plans filed February 10, 2025 and it has not been permitted yet. The second largest is a 55-unit, 46,341 square-foot residential (R-2) building submitted by MKF Realty|RAGHSA and filed by Adam Smith with plans filed September 18, 2015 and it has not been permitted yet.
The surrounding
Within a 400-foot radius of 301 Himrod Street, PincusCo identified four commercial real estate items of interests occurred over the past 24 months. Of those four items, four were loans above $5 million totaling $96 million. The most recent of the four was Wyckoff Heights Medical Center in which borrowed $20 million from NYS Dormitory Authority secured by the 458,778-square-foot, three-unit three-family building (C0) on 342 Stanhope Street and six other properties on October 28, 2024.
Direct link to the property’s ACRIS page and link to DOB NOW portal.