Seven-Story Building Going up at 44 Maspeth

A tipster sent in this photo of the new development rising at 44 Maspeth, in East Williamsburg. He says, “The site was started 2-plus years ago and then I’m guessing the developer lost his cash flow because it sat completely empty for two years until this spring. The superstructure is going up pretty quickly, considering the small team working on it.” The DOB issued new building permits this July. And according to building applications, this will rise to seven stories. We don’t know what the final product will look like, but the architect of record is Christopher V. Papa Architecture. And it doesn’t look like there’s a new developer in the mix — the land last traded hands in 2005 for $4,650,000. To see another photo of the building going up and an image of the lot pre-development, click over the jump. UPDATE: 44 Maspeth is an aptsandlofts.com project. They will know if it will go rental or condo in a few months. GMAP

Below, in the large circle, a shot of the former foundation that has since been torn down. In the smaller circle, a small empty lot on Orient Avenue (not part of the current development).