South Slope

Seven-Story Apartment Building Coming To 5th Ave

It’s not just 4th Avenue that’s growing taller by the day. The corner of 5th Avenue and 17th Street, where there’s currently a parking lot that used to belong to the now-defunct women’s department store Aaron’s, will soon be replaced by a seven-story apartment building.

Brownstoner spotted the new-building permit, which was filed with the Department of Buildings on July 24. The plans say the building will have 17 apartments and seven parking spots, and will be 19,993 square feet and 70 feet tall.

The permit notes the developer as Nick Malafis, who The Real Deal has said has also worked on recently completed residential buildings at 683 4th Avenue and 433 3rd Avenue.

These are not the only potential new residential units coming soon to 5th Avenue, though. Another developer has plans to add 7,500-square-feet of apartments to the old Frost building on 5th at 19th Street.

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