Crown Heights Gas Station Sells for $32.5 Million, Eight-Story Building Planned
A Crown Heights gas station and car wash at Bedford Avenue and Eastern Parkway has just sold for the jaw-dropping price of $32,500,000, and is already being dismantled to make way for an eight-story apartment building. Developer Adam America was the buyer of the 24,000-square-foot property at 1525 Bedford Avenue, as The Real Deal was the first to…
A Crown Heights gas station and car wash at Bedford Avenue and Eastern Parkway has just sold for the jaw-dropping price of $32,500,000, and is already being dismantled to make way for an eight-story apartment building. Developer Adam America was the buyer of the 24,000-square-foot property at 1525 Bedford Avenue, as The Real Deal was the first to report. The new development will have 133 units spread across 91,337 square feet of residential space, and 20 percent of the apartments will be affordable, according to new building applications filed yesterday. Issac and Stern are the architects of record.
There will also be 14,669 square feet of commercial space, 42 underground parking spots, a gym, roof deck and basketball court, according to broker TerraCRG. The gas station closed last month, and a construction fence went up around the site a few weeks ago. The photo above shows workers taking down the BP sign in December.
Adam America’s first project in Crown Heights was a seven-story rental building at 500 Sterling Place, which began leasing last summer and sold last week for $48,000,000, according to The Real Deal.
Adam America Developing 130-Unit Crown Heights Building [TRD] GMAP
I hope the carwash workers were generously compensated. They were out the in extreme weather conditions washing for measly wages and tips.
I hope the design is a little more ambitious than the developer’s project on Sterling Place, which is really exceptionally ugly and an affront to the adjacent landmarked neighborhood.
Also it’s insane that the building will include so much underground parking. But the 1950s-era zoning ordinance mandates it. Notwithstanding the fact that the building will be on top of the 2/3/4 and 5 lines, and very few tenants will have any use for parking spaces. The parking requirement is such bad policy it is staggering. The city, like other world cities, should encourage/mandate car-free development, not the reverse. We should build housing for people, not cars.
Those complaining about the lack of places to gas up their cars should drive to Long Island or New Jersey and stay there.
I have no problem with underground parking. Some people are always going to have jobs where public transit, as currently arranged, doesn’t make sense. 42 spots really isn’t a lot for 133 units plus commercial space. In fact, an argument could be made that New York sets up entirely incorrect incentives, making miles of street parking *free* and charging exorbitant amounts for off-street parking. An interesting experiment might be to price street parking for demand, for deliveries and short trips, and instead incentivize what’s essentially vehicle STORAGE to move to garages.
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Look at the streets of our fair city at 10-11am after a light snowfall, and you will see how many cars have not been moved since the previous night. This is storage, not parking. Move it inside.
It was a sad day when this place closed, now you have to drive for miles to get gas and a car wash.
The What
Someday this war is gonna end…
With all the money these people bring with them, I will gladly bring gas to them in a milk cart.
No. The developers will throw 4 feet of clean dirt over the contaminated soil so it’ll pass the environmental tests and they’ll get to build right away. That’s how residential buildings were able to get built in the toxic wasteland called Williamsburgh