1499 Bedford Avenue

Brooklyn, NY 11216

RESIDENTIAL COMPLEX • CROWN HEIGHTS

CW has recently broken ground in a prime spot, just off Eastern Parkway and steps away from Prospect Park. The building will include a mix of 100 1,2, and 3 apartments catering to the demography of the neighborhood. Its mix of high-end apartments and affordable housing units has allowed for a 35-year tax abatement.

The aesthetic of the building will blend modern, ground-floor paneling with warm, traditional bricking native to the neighborhood. Inside, full amenities should appeal to a younger crowd seeking more shared living spaces. Thes amenities include a gym, rec room, gameroom, indoor car and bicycle parking, a pet spa, and an expensive shared roof deck.

PROJECT BUDGET: 52.5 M

RENTAL INCOME: 4.9 M Per Annum

COMPLETION: est. Winter 2023

SQ FT: 85,000

UNITS: 100 Residential

FLOORS: 10