A sampler of Bushwick development and property sales

Eye On Real Estate

June 1, 2016 By Lore Croghan Brooklyn Daily Eagle

This charming house at 1251 Bushwick Ave. is surrounded by a Brookland Capital residential development project. Eagle photos by Lore Croghan

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Heaven help me!

I’m surrounded by wrap-around residential development where a church stood until recently.

When we were walking through Bushwick the other day, we thought we heard the charming yellow house on the corner of Bushwick Avenue and Weirfield Street calling out plaintively.

The surrounded house with flowers growing on the lawn is 1251 Bushwick Ave.

The development site surrounding it, 1255 Bushwick Ave., belongs to Brookland Capital.

City Finance Department records identify Boaz Gilad, a co-founder of Brookland Capital, as a member of the LLC that bought the development site for $1.95 million.

The sellers of the site were the Atlantic District of the Lutheran Church-Missouri Synod and Evangelical Lutheran St. Mark’s Church of Brooklyn.

The site has frontage on both Bushwick Avenue and Weirfield Street.

The developer has left the front wall of the church standing and demolished the rest of the building. A design rendering posted on the construction fence shows a mid-rise apartment building with the leftover church wall incorporated into its facade.

The developer does not own the yellow house.

So many other development sites and recently-sold (or in-contract) residential properties caught our eye in Bushwick. Here’s a sampling:

* New storefronts are being built inside 1544 DeKalb Ave., an eye-catching commercial building on the corner of Irving Avenue. The property belongs to an entity run by members of the Grasso family, Finance Department records show.

* An LLC with Yosef Ariel as a member paid $720,000 for a three-story, three-family house at 43 Moffat St., Finance Department records indicate. Renovation is planned.

* Listing broker TerraCRG’s website says 628 Knickerbocker Ave. is in contract. The asking price was $2.1 million for the building on the corner of Madison Street, which has five residential units and storefronts.

This Knickerbocker Avenue property last sold for $1.4 million in October 2014, Finance Department records indicate.