Park Slope 12-story Building Is One Of Biggest Projects This Year

PARK SLOPE, BROOKLYN — A new condo building proposed for a corner of 4th Avenue is one of the biggest projects proposed in the city so far this year.

The 12-story building rounded out The Real Deal's list of the top 10 biggest real estate projects filed in January. It would bring 57 residential units, likely condos, to the corner of Degraw Street and 4th Avenue.

The project was proposed by Argentinian developer Claudio Soifer, who first floated the idea of a 12-story building in that area about a year ago. Soifer tapped ODA New York to design the building. ODA did not immediately return a request for details about the building.

When it was first proposed, Soifer's realty representative said it would be his first project in the borough.

"This is the first development that he's constructing in Brooklyn so he hopes to make this a showcase," Gordon Gemma, owner of Gemma Realty Consultants, said at the time.

Soifer has previously built buildings in Manhattan, Florida and Argentina, she said.

The new space would be built on a now-vacant lot at 639 Degraw Street under the name 167-174 Fourth Avenue LLC.

Most of its 79,000-square-feet would be residential space, with the residential units taking up 73,000 square feet of the plans. The rest would include 5,000 square feet of commercial space and 700 square feet of community space, according to the Real Deal report.

Soifer's LLC officially took over the lot late last year for $3.75 million, records show. The project will now need to go through the permitting process before it becomes official.

The project and two other Brooklyn proposals on The Real Deal's list put the borough in second place for the January real estate list. Queens led the way with four projects in January, the Bronx had two and Manhattan had one.

A Bronx warehouse that would span 740,000 square feet topped the list and was more than 300,000 square feet larger than the No. 2 spot.

Photo from GoogleMaps.