Plans Filed For Five-Story Building On Ocean View Avenue

A developer has filed plans with the city to build a five-story residential building on a lot at the corner of Ocean View Avenue and Brighton 6th Street — about a block north of the Brighton subway station.

The plans, submitted by Raymond Guindi, who also has a project on Brighton 3rd Road, near William E. Grady High School, were submitted on March 25. They call for a 70-foot tall building with 22 apartments spread across 21,993 square feet of space, according to property records. New York YIMBY, which first reported the project, writes that the building will also have 22 parking spaces in a flood-proofed garage.

Guindi snapped up the lot, formerly occupied by two abandoned houses, last month for just over $1.4 million, YIMBY reports. The area is already teaming with construction projects — another five-story residential building going up a block away at Brighton 5th Street, is slated for completion in 2017, according to a notice posted on the building. And two other buildings are also being constructed on Brighton 5th Street, just north of Ocean View Avenue.

Guindi’s project, located at 524 Ocean View Avenue, will have “condo-sized” units going for $500 to $600 a square foot — meaning he’s positioned to make a nice profit off the $64 per square foot he paying for the proposed building, according to YIMBY. Still, the pro-development website notes the unit price in the building is still far below the $1,000 average in other, more-rapidly gentrifying Brooklyn neighborhoods.