A pair of Brooklyn developers hopes to turn a pair of Bedford-Stuyvesant industrial sites into residential properties with affordable housing.
Developers Moshe Wasserman and David Litchtman plan to construct the buildings on adjacent lots at 862-868 Kent Ave. and 123-125 Taaffe Place, according to documents filed with the Department of City Planning. The Kent Avenue project would stand 8 stories and 93 feet tall with 65 residential units and 23 parking spots. It would span about 46,000 square feet and feature outdoor terraces on the seventh and eighth floors and a gym on the ground floor.
The building on Taaffe Place would stand 7 stories and 83 feet tall with 19 residential units across about 12,000 square feet. It would include seven parking spots and a private rooftop terrace for tenants.
The developers would build both projects under the city’s mandatory inclusionary housing program, making 25% of the residential units affordable to households earning an average of 60% of the area median income, or about $84,000 for a family of three. This translates to roughly 17 affordable units in the Kent Avenue project and five in the Taaffe Place project.
A Brooklyn-based limited liability company linked to Wasserman bought 862-868 Kent Ave. in 2003 for $851,000, and one linked to Litchtman bought 123-125 Taaffe Place in 2012 for $496,000, property records show. Both sites are currently home to industrial buildings, and part of the property on Kent Avenue is used for chocolate processing, according to city records.
Wasserman did not respond to a request for comment by press time, and Litchtman could not be reached.
Eddie Small , 2024-06-18 18:06:44
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