Shimon Kleinman files plans to develop 20 units in Bushwick

Shimon Kleinman filed two sets of alteration plans for neighboring buildings, 585 and 589 Knickerbocker Avenue in Bushwick, Brooklyn, that will increase the number of residential units in the buildings from four to 20.

In the first building, Shimon Kleinman, on October 3, filed plans for a $499,800 alteration of 589 Knickerbocker Avenue in Bushwick, Brooklyn. The plan call for the increase in size of the building from a 30-foot tall, three-story building with four dwelling units to a 55-foot tall, four-story building with 10 dwelling units. This was filed with the New York City Department of Buildings under job number B08012151.

The project is described in the filing as: proposed vertical enlargement, and interior renovation to an existing 3-story building

The architect listed is Nikolai Katz Architect.

Direct link to Acris documents. LINK

Direct link to DOB NOW Public Portal. LINK

In the second building, Shimon Kleinman, on October 3, filed plans for a $484,400 alteration of a building at 585 Knickerbocker Avenue in Bushwick, Brooklyn. The plan call for the increase in size of the building from a 15-foot tall, one-story building with no dwelling units to a 45-foot tall, four-story building with 10 dwelling units. This was filed with the New York City Department of Buildings under job number B08012111.

The project is described in the filing as: proposed vertical enlargement, interior renovation and converting commercial building into a residential building with 10 residential units.

The architect listed is Nikolai Katz Architect.

Direct link to Acris documents. LINK

Direct link to DOB NOW Public Portal. LINK

Property

The 589 Knickerbocker Avenue parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. 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 $1.7 million.

The mixed-use building in Bushwick has 5,500 square feet of built space and 575 square feet of additional air rights for a total buildable of 6,075 square feet according to PincusCo analysis of city data.

According to city public data, the property has received $600 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property since September of 2020.

On this tax block, PincusCo has identified the owners of three of the 17 commercial properties representing 13,500 square feet of the 127,667 square feet. The largest owner is New York City Department of Housing Preservation and Development, followed by Guy Alberg and then Deodat Lowtan. On the tax block, there was one new building construction project filed totaling 2,182 square feet. It is a three-unit, 2,182 square-foot R-2 building developed by Andy Chen with plans filed May 1, 2017 and permitted August 18, 2020.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $499,750. Those filings sought to increase the number of residential units by six to 10.

Within a 400-foot radius of 589 Knickerbocker Avenue, Pincusco identified two commercial real estate items of interests occurred over the past 24 months. Of those two items, two were loans above $5 million totaling $30.7 million. The most recent of the two was Shie Lefkovits which borrowed $16 million from Popular Bank secured by the 30,621-square-foot, 40-unit rental (D1) on 1461 Gates Avenue on January 14, 2022.

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