A new seven-story condominium development, dubbed The Wave, is nearing completion at 104 West End Avenue, and units are now hitting the market for as much as $1.6 million.
The building has been under construction for just under a year, replacing a slew of commercial properties that included White Poodle, and which was vacated after Superstorm Sandy.
When complete, the building will have 48 units, including a couple of duplex townhouses. The penthouses will have roof top terraces.
Prices for would-be residents start at $675 a square foot, rising to $900 per square foot for a penthouse. That comes out to $525,000 for a one-bedroom, $930,000 for a three-bedroom, and going up to $1.6 million for the three-bedroom townhouse. The second priciest unit is the three-bedroom duplex at $1.4 million, followed by $1 million for the one-bedroom penthouse, and $930,000 for the two-bedroom duplex.
Sales are being handled by Igor Libo of Ilite Realty and David Fernandez of Corcoran. Libo told Sheepshead Bites that the units already have interest from more than 100 people.
The building is being developed by Rybak Development, the same Sheepshead Bay-based firm that’s doing the 1809 Emmons Avenue property that is replacing El Greco Diner, as well as 3041 Ocean Avenue – which sold out in less than three months, and is still many more months away from completion.
Rybak is also one of the investors behind the reactivation of the shuttered Brooklyn Racquet Club on Shell Road, which is now Matchpoint. The owner Sergey Rybak is perhaps the most active developer in the neighborhood at the moment.
Back to 104 West End Avenue, here are some details from Ilite:
It will have a beautiful 20 ft high designer lobby with door man, a 1,500 s.f foot fitness center with steam room and a social/meeting room with kitchenette
Like other Rybak properties, there’s an emphasis on parking you don’t see in other area developments. Even though there’s only 48 units, the property will have two levels of parking for 68 cars.
Ilite didn’t mention any commercial space, but Department of Buildings filings indicate commercial uses in the cellar, with that area flood-proofed.
Libo told Sheepshead Bites that they expect to finish construction in the first quarter of 2016, with the first buyers moving in sometime during the summer next year.