Moses Rabinowitz plans 96 units at adjacent East New York conversion projects
19 Montauk Street (Credit - Cyclomedia)
Moses Rabinowitz filed two separate plans to convert adjacent commercial buildings at 19 Montauk Street and 22 Milford Street in East New York, Brooklyn, into residential buildings with a total of 96 units. The building lots abut end-to-end in the middle of the tax block.
Neither buildings shows a recent sale in Acris.
In the larger, Moses Rabinowitz submitted a major alteration application to create 53 residential units in the 19,500-square-foot currently commercial (COM) building at 19 Montauk Avenue in East New York, Brooklyn. The plan was filed with the New York City Department of Buildings on January 23, 2024 under job number B00990896. It call for a rehab of the three-story building.
In the smaller, Moses Rabinowitz submitted a major alteration application to create 43 residential units in the 14,631-square-foot currently commercial (COM) building at 22 Milford Street in East New York, Brooklyn. The plan was filed with the New York City Department of Buildings on January 23, 2024 under job number B00994203. It call for a rehab of the three-story building.
The neighborhood
In East New York, The bulk, or 40 percent of the 44.5 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 21 percent of the space. In sales, East New York has near average sales volume among other neighborhoods with $735.8 million in sales volume in the last two years and is the 5th highest in Brooklyn. For development, East New York is the 8th most active neighborhood among other neighborhoods. It had 5 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of one of the 14 commercial properties representing 6,720 square feet of the 162,847 square feet. The identified owner is Einav Gelberg. On the tax block, there were two new building construction projects totaling 5,750 square feet. The largest is a three-unit, 2,875 square-foot residential (R-2) building submitted by Eddy Rosario with plans filed November 7, 2018 and it has not been permitted yet. The second largest is a three-unit, 2,875 square-foot residential (R-2) building submitted by Eddy Rosario with plans filed February 3, 2020 and permitted July 7, 2023.
The surrounding
This is the first commercial real estate event of interest identified within the 400-foot radius of 19 Montauk Avenue in the past 24 months.
Direct link to the property’s ACRIS page and link to DOB NOW portal.