Mendel Greisman plans 37 units in Crown Heights

Mendel Greisman submitted a new building construction project for a 37-unit, 28,924 square-foot residential (R-2) building at 268 Sullivan Place in Crown Heights, Brooklyn. The plan was filed with the New York City Department of Buildings on January 26, 2023 under job number B00817250. It calls for the construction of a seven-story building. The project is described in the filing as: proposed seven story + cellar mixed use building. The architect is Bild Architecture.

The property

The development is set for three tax lots, 26, 27 and 28, composed of 268 Sullivan Place to 274 Sullivan Place.
The three parcels are 73.5 feet wide with a total lot size of 7,350 square feet. The zoning is R7-1 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.2 million.

This project supersedes an earlier plan Greisman filed in May 2022, covering two of these three tax lots, which called for a smaller building with 25 units.

Prior sales and revenue

This property was sold for $1.2 million on February 15, 2022.

Violations and lawsuits

According to city public data, the property has received 19 housing violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Crown Heights, The bulk, or 38 percent of the 46.5 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 36 percent of the space. In sales, Crown Heights has near average sales volume among other neighborhoods with $556.6 million in sales volume in the last two years and is the 11th highest in Brooklyn. For development, Crown Heights has near average amount of major developments among other neighborhoods and is the 6th highest in Brooklyn. It had 2.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space. There were three pre-foreclosure suit filed among other walkup buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of five of the eight commercial properties representing 230,682 square feet of the 260,964 square feet. The largest owner is Copper Group, followed by Boris Evelkin and then Mendel Gold. On the tax block, there were three new building construction projects totaling 98,222 square feet. The largest is a 60-unit, 59,298 square-foot residential (R-2) building submitted by Elliot Moskowitz with plans filed October 10, 2017 and permitted April 1, 2019. The second largest is a 37-unit, 28,924 square-foot residential (R-2) building submitted by Mendel Greisman with plans filed January 26, 2023 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 268 Sullivan Place, PincusCo identified three commercial real estate items of interests occurred over the past 24 months. One of those three items was a loan which Boris Evelkin borrowed $7.6 million from New York Community Bank secured by the 63,150-square-foot, 74-unit rental (D7) on 286 Sullivan Place on March 16, 2022.

Direct link to the property’s ACRIS page and link to DOB NOW portal.