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Modern 7-Story Rental Building to Rise on Flushing Avenue

By Serena Dai | May 19, 2015 8:20am | Updated on May 19, 2015 7:34pm
 A seven-story apartment rental building on Flushing Avenue is expected to be finished in summer 2016.
A seven-story apartment rental building on Flushing Avenue is expected to be finished in summer 2016.
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Upper Class Development

BUSHWICK — A seven-story rental building planned for Flushing Avenue will be a glassy, modern property with two floors of commercial space.

Renderings have been posted for a new development at 810 Flushing Ave., at the corner of Beaver Street — showing a glass and stone building with varying shades of grey.

The area was previously home to a one-story building with a bodega and a dollar store.

The new 68-foot tall property will have 42 residential units, with mostly two-bedroom units and a few three-bedroom units, according to building owner Sam Markovits.

All of the new apartments will be modern units with stainless steel appliances, dishwashers and patio space, Markovits said, adding that price points have not yet been set.

 This one-story commercial property on Flushing was demolished in favor of an apartment building development.
This one-story commercial property on Flushing was demolished in favor of an apartment building development.
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DNAinfo/Serena Dai

The average cost of a two-bedroom in Bushwick was $2,320 in April, according to real estate firm MNS.

Markovits previously planned to put a day care facility in the property, but commercial tenants for the space are currently unclear, he said.

He's still negotiating with a variety of businesses and brokers and is not leaning toward one type of business over another, he said.

"Whatever I can make money on," he said of his commercial tenant preference.

Markovits's company Upper Class Development LLC purchased the property in June 2014.

The development will be steps away from new buildings going up on the former Rheingold Brewery site, including one with a tiered roof and an 80-foot tall building with nearly 800 units.

It is expected to be finished in summer 2016.