Owner plans 77 units at current BP location in Ocean Hill

2111 Atlantic Avenue (Credit - Google)

2111 Atlantic Avenue (Credit - Google)

Remy Roizen Weinstein submitted a land use application March 20, 2023, to facilitate the development of a 77-unit, 64,000-square-foot mixed-use building at 2111 Atlantic Avenue in Ocean Hill, Brooklyn. The corner parcel is currently operating as a BP gas station. The land use application was filed under the entity Remica Property Group Corp., which owns the parcel. The application has an inconsistency about the number of residential units, citing both 77 and 73. The owner has not filed a new building plan related to this project with the city Department of Buildings.

The application is seeking, “A zoning map amendment from R5/C2-3 to R8A/C2-4 and zoning text amendment to map an MIH area to facilitate a new 64,000-square-foot, 14-story mixed-use building, containing 4,500 square feet of commercial space and 77 dwelling units… The Proposed Actions would facilitate the development of a new 14-story mixed-use (commercial-residential) building with 67,420 square feet of floor area (approximately 7.20 FAR), including ground-floor commercial space and up to 73 residential units. These would preliminarily consist of 22 studios, 37 one-bedrooms and 13 two-bedrooms, of which 18 would comprise of affordable units under MIH.”

Land use LINK

The property

The gas station in Ocean Hill has 1,500 square feet of built space and 10,207 square feet of additional air rights for a total buildable of 11,706 square feet according to a PincusCo analysis of city data. The parcel has frontage of 98 feet and is 95 feet deep with a total lot size of 9,365 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $657,000.

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 Bedford Stuyvesant, The bulk, or 34 percent of the 53.8 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 30 percent of the space. In sales, Bedford Stuyvesant has near average sales volume among other neighborhoods with $827.9 million in sales volume in the last two years and is the 4th highest in Brooklyn. For development, Bedford Stuyvesant has near average amount of major developments among other neighborhoods and is the 4th highest in Brooklyn. It had 3.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

The surrounding

Within a 400-foot radius of 2117 Atlantic Avenue, PincusCo identified two commercial real estate items of interests occurred over the past 24 months. Of those two items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on August 6, 2021 for the $687,023 renovation of 6,001-square-foot residential (R-2) building with nine residential units at 2274 Atlantic Avenue. One of those two items was a loan which Yehuda Cohen and Rotem Moyal borrowed $5.8 million from Cross River Bank secured by the 3,300-square-foot, seven-unit mixed-use building (S9) on 1895 Eastern Parkway and three other properties on April 14, 2022.

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

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