Construction at 90 Sullivan Place actually started a few years ago. The structure was about 75% complete when a stop worker order halted things for about three years. I saw construction crews resuming work last month.
I took a look at the signs posted on the construction site last night. The signs claimed that this will be a mixed-use building with commercial spaces on the first floor. It will be interesting to see what tenants this building gets once (and whenever!) it's finished.
This morning I saw anti-Semitic graffiti scrawled on the side of the building. (The public can access it because that side shares a driveway with the storage place that is directly behind it on Empire Boulevard.)
@whynot_31, I have somewhere buried on my iPod what they were charging before the construction stopped. If I find it, I'll post it. Of course it'll be interesting to see how much the asking price will have changed.
They are coming along - balconies are up and if you look really closely the lighting above the street level looks like they're going for an antique look
They are coming along - balconies are up and if you look really closely the lighting above the street level looks like they're going for an antique look
I think the balcony railings have been on for a while though.
I'm much more interested to see which commercial tenant will occupy the street level.
@dmiami2 - Ha - at this rate, that seems to be how long it will take to complete the project...although I hope it will open before the Second Avenue subway.
@lilern - The sign on the construction site states that this project is residential and commercial. If you can peer behind the fence, you can see what appears to be storefronts on the ground level.
Ahhh @mugofmead111 - maybe the coverings I saw 2 years ago I mistook for garages. This was the first time I went by in 2 years - I was held-up at gunpoint in 2012 and the cops said I was probably followed from that point by the perp from Ebbetts Field so I have avoided that block like the plague since!
Ahhh @mugofmead111 - maybe the coverings I saw 2 years ago I mistook for garages. This was the first time I went by in 2 years - I was held-up at gunpoint in 2012 and the cops said I was probably followed from that point by the perp from Ebbetts Field so I have avoided that block like the plague since!
Ahhh @mugofmead111 - maybe the coverings I saw 2 years ago I mistook for garages. This was the first time I went by in 2 years - I was held-up at gunpoint in 2012 and the cops said I was probably followed from that point by the perp from Ebbetts Field so I have avoided that block like the plague since!
Ahhh @mugofmead111 - maybe the coverings I saw 2 years ago I mistook for garages. This was the first time I went by in 2 years - I was held-up at gunpoint in 2012 and the cops said I was probably followed from that point by the perp from Ebbetts Field so I have avoided that block like the plague since!
Back in the 90s I remember there was briefly a bodega in the building on the lot where this new building now is. The previous structure was demolished to make way for this condo building.
For that matter there was briefly a bodega on the NE corner of Franklin Avenue and Sullivan Place.
In the years when this construction site was fallow due to a stop-work order, the tarps were up and there were multiple mean guard dogs on the site that would growl and bark at anyone who passed by.
I can't see how this building would fit in any garages...unless they're required to do so due to building code.
It may be too early to answer that. At anytime, the LLC that owns the building could be sold to a investment realty company, who then decides their best move is to rent the units out.
Or, the LLC could have a realty company sell the individual units.
I think it safe to assume that the LLC's decision will be influenced by how quickly these people want to be paid, and the carrying costs. I would not rule out the LLC and these people being effectively one and the same.
"$5.25 Million of Note Purchase Financing for 90-94 Sullivan Place Mixed-Use Property
MRC provided $5.25 million in note purchase financing for the acquisition of a non-performing first mortgage collateralized by 90-94 Sullivan Place, a mixed-use property located in the Crown Heights neighborhood of Brooklyn. The loan will fund the borrower's discounted purchase of the defaulted construction note.
90-94 Sullivan Place is a six-story, 48,642 square-feet in total, featuring 28 residential units, four retail units, one community facility and a total of 36 parking spaces. The project is approximately 75% complete."
We've been told that indeed this building will have commercial space on the ground floor. The bedrooms are reportedly small, but a full-sized bed will fit.
Short term folks, like graduate students or those just our of graduate school.
They seek a place in good repair and don't really care how large it is because they will not live there very long, and/or expect to move within 3 years.
It could be filled with a slightly less fortunate group than the folks who filled the similarly sized units 505 Sterling or 341 EP.
The initial plan was that the building is supposed to be condos, @whynot_31. Is there any information that there will be a deviation from this intention?
The property is progressing nicely. The sidewalk's been repaved, and two new tree pits have been created. (No trees have been planted yet.) I'm also curious as to what retail would go in that building. (It's in a bit of an odd place, no?)
It really is in an odd place - there seems to be so many other retail spaces nearby that are vacant yet in a better location. I am also curious to see what these apartments ask for when they hit the market. I guess we shall know sooner rather than later. :-)
Ugh! No Subway! If a place that sells pizza by the slice were to come there, I could dig it.
A ice cream place would be sweet (except it'd make me fat) LOL.
By the way, I believe the entrance to the building and the retail spots are not flush with the sidewalk; one would have to go down two or three small steps.
This place has been under construction since at least 2005.... at this pace I still say it will be a gift shop for the new dodger stadium being built in 2027.
This place has been under construction since at least 2005.... at this pace I still say it will be a gift shop for the new dodger stadium being built in 2027.
This building may have been started before the requirement that states many/most new buildings over 4 stories must have elevators.
However, in order to get their C of O, they are going need to show that the building complies with the parts of the building code that are dictated by ADA.
Today, I noticed that Con Ed is threatening to turn off power to the building. I do wonder how well the sales will be handled if they keep the job in house.
I was going to post photos but you beat me to the punch!
The commercial spaces are for two stores and one office. If it were a medical office, depending on its specialty, it would be in the most convenient location ever!
A medical practice that accepted Medicare and various union plans, would be a wise move given the percentage of residents in Ebbets Field that are now old, and worked their entire lives to earn such benefits.
However, I have yet to see any listing for the residential units. Condos in Brooklyn are incredibly hard to find, because most of the new buildings are rentals.
...the owner could be just wating for DOB to give them a CO.
DOB has been very slow about getting such things done, because a lot of their staff was arrested back in February, and the agency is just now getting back on its feet.
I'm speculating this room redo may have been the products of a recent delivery.
One day recently I saw a UPS missed delivery slip on the front door and on one of the mailboxes. I thought that was odd; why deliver to a building that's not even occupied yet?
@whynot_31 - Maybe the "outdoor for most" refers to the terraces. Several of the units on the Sullivan Place side have them. I can't speak to the other side of the building as it is not visible from the street. (That storage building on Empire is in the way.)
I also think there is an outdoor yard area in the rear of the building.
The certificate of occupancy has this note:"NOTE:28 FAMILY CLASS A MULTIPLE DWELLING & MIXED USE BUILDING. CELLAR FLOOR PARKING FOR 26 CARS (UNATTENDED )
AND 10 CARS ATTENDED OPEN PARKING SPACE FOR STORES".
This building is big enough that it may have been worth the developer's while to contract with a large real estate agency to quickly fill the units and the storefronts.
"Irving Langer’s E&M Associates is the latest firm to buy one of several properties up for sale by Brooklyn investor Chaim Miller. The multifamily giant paid $21.5 million for Miller’s 29-unit rental building at 90 Sullivan Place in Crown Heights, according to property records filed with the city Thursday.
Since Miller bought the building for $7.7 million in 2013, the property has been hit with at least seven lawsuits. The list of plaintiffs includes Miller’s frequent lender Madison Realty Capital — which filed to foreclose on the property last year — and ex-business partner Chun Peter Dong, who claims Miller took out a $3.8 million loan on the building without his consent and embezzled the funds. Both cases are still active in Kings County Supreme Court, as are others.
Construction on the property at 90 Sullivan Place was halted for years until Miller acquired the building and jumpstarted work on it. Miller was temporarily barred last year from selling or transferring his interest in the property while his bankruptcy case involving 45 John Street was still pending in court.
Miller’s real estate portfolio, which once exceeded over 1 million square feet, is now dwindling. Next week, Miller’s Coney Island property will be up for auction and a rental building in Clinton Hill will be sold as part of a bankruptcy settlement. Brokers hope the latter will fetch $44 million — the minimum Miller needs to pay off a number of creditors."
The commercial space on the left has taken a noticeable step to becoming ready for occupancy. It now has roll gates. The brown paper covering the windows has been replaced with white paper.
I went into the store last night. It looks and feels like a regular bodega, but it's shiny and new. It will close at 9 pm on weekdays and a 10 pm on weekends.
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http://milanelevator.com/car-stackers.html
Or, the LLC could have a realty company sell the individual units.
I think it safe to assume that the LLC's decision will be influenced by how quickly these people want to be paid, and the carrying costs. I would not rule out the LLC and these people being effectively one and the same.
"$5.25 Million of Note Purchase Financing for 90-94 Sullivan Place Mixed-Use Property
MRC provided $5.25 million in note purchase financing for the acquisition of a non-performing first mortgage collateralized by 90-94 Sullivan Place, a mixed-use property located in the Crown Heights neighborhood of Brooklyn. The loan will fund the borrower's discounted purchase of the defaulted construction note.
90-94 Sullivan Place is a six-story, 48,642 square-feet in total, featuring 28 residential units, four retail units, one community facility and a total of 36 parking spaces. The project is approximately 75% complete."
http://www.madisonrealtycapital.com/~madison/article.php?MADISON-REALTY-CAPITAL-COMPLETES-OVER-18-MILLION-OF-FINANCING-TRANSACTIONS-THROUGHOUT-BROOKLYN-186
I wonder what the effective APR on the loan will be when it is all said and done....
Short term folks, like graduate students or those just our of graduate school.
They seek a place in good repair and don't really care how large it is because they will not live there very long, and/or expect to move within 3 years.
It could be filled with a slightly less fortunate group than the folks who filled the similarly sized units 505 Sterling or 341 EP.
http://www.brooklynian.com/discussion/36676/vacant-lot-on-sterling-between-washington-and-classon#Item_60
http://www.brooklynian.com/discussion/35888/the-curious-case-of-341-eastern-parkway-aka-the-hole-#Item_242
So, I can't find any info on either the residences or the commercial space.
I am betting the building will be sold by its present owner (an investment firm) to an entity with expertise in selling and marketing it.
...we won't see listings until then.
The playground could be filled people eating ice cream....
In many ways, Ebbetts Field apartments has become a NORC.
http://en.wikipedia.org/wiki/Naturally_occurring_retirement_community
Could we install a ramp and then set up a mobility scooter repair business?
http://www.wsj.com/articles/brooklyn-nets-ownership-group-in-negotiations-with-owners-of-los-angeles-dodgers-1412297514
However, in order to get their C of O, they are going need to show that the building complies with the parts of the building code that are dictated by ADA.
Is there a ramp somewhere?
I suspect they won't allow anything that involves frying. I'd open an ice cream shop.
It might be attractive to a medical practice
Being that the project is not yet complete and has been under construction for years, I think that sign says it all.
I came across this add listing the commercial spaces for $35 a SF
http://www.loopnet.com/Listing/19293887/90-Sullivan-Place-Brooklyn-NY/
However, I have yet to see any listing for the residential units. Condos in Brooklyn are incredibly hard to find, because most of the new buildings are rentals.
http://ny.curbed.com/archives/2015/07/28/new_brooklyn_condos_are_very_rare_and_thats_not_changing.php
...making me very interested in seeing how much these units will go for.
...the owner could be just wating for DOB to give them a CO.
DOB has been very slow about getting such things done, because a lot of their staff was arrested back in February, and the agency is just now getting back on its feet.
https://www.google.com/search?q=DOB+scandal&hl=en&biw=&bih=&gbv=2&oq=DOB+scandal&gs_l=heirloom-serp.3...828151.831724.0.832675.11.6.0.5.5.0.156.624.3j3.6.0....0...1ac.1.34.heirloom-serp..3.8.624.xly4m1OJM-g
Look closely, and you'll see the post isn't anchored. It just floats in the air over the now unusable set of steps.
The PTACs indicate that the building may not have a central heating system. As a result, the developers saved lots of money on construction and tenants will have to pay for their own heat.
This method of heating an apartment is far more expensive than had a central system been installed.
This building is big enough that it may have been worth the developer's while to contract with a large real estate agency to quickly fill the units and the storefronts.
However, they seem to be using a small firm and perhaps an individual agent. http://www.trulia.com/rental/3226946528-90-Sullivan-Pl-3E-Brooklyn-NY-11225
I hope he is able to deliver, quickly.
I wonder if they are renting units to the demographic that splits 3 BR among 3 unrelated adults.
...often recent college graduates.
I doubt a co-op could afford the PSF rents they are asking.
...I also don't know if they are ok with food, in light of the insects they attract.
I'm still waiting for the commercial tenants.
"Irving Langer’s E&M Associates is the latest firm to buy one of several properties up for sale by Brooklyn investor Chaim Miller. The multifamily giant paid $21.5 million for Miller’s 29-unit rental building at 90 Sullivan Place in Crown Heights, according to property records filed with the city Thursday.
Since Miller bought the building for $7.7 million in 2013, the property has been hit with at least seven lawsuits. The list of plaintiffs includes Miller’s frequent lender Madison Realty Capital — which filed to foreclose on the property last year — and ex-business partner Chun Peter Dong, who claims Miller took out a $3.8 million loan on the building without his consent and embezzled the funds. Both cases are still active in Kings County Supreme Court, as are others.
Construction on the property at 90 Sullivan Place was halted for years until Miller acquired the building and jumpstarted work on it. Miller was temporarily barred last year from selling or transferring his interest in the property while his bankruptcy case involving 45 John Street was still pending in court.
Miller’s real estate portfolio, which once exceeded over 1 million square feet, is now dwindling. Next week, Miller’s Coney Island property will be up for auction and a rental building in Clinton Hill will be sold as part of a bankruptcy settlement. Brokers hope the latter will fetch $44 million — the minimum Miller needs to pay off a number of creditors."
My friend also wonders whether the building will exhibit structural issues later on. It was left open to the elements while work was halted.)
....but we shall see.