East New York’s real estate market is showing no signs of slowing down, as evidenced by the latest development proposal for 803 Glenmore Avenue, located between Shepherd Avenue and Berriman Street. Reports from YIMBY indicate that permits have been filed for a new four-story residential building on this site. This project is strategically located near the Shepherd Avenue subway station, which provides access to the C train, making it an ideal location for commuters and those seeking convenient transportation options.
The proposed building at 803 Glenmore Avenue is slated to be 44 feet tall and will provide approximately 6,143 square feet of residential space. The plans specify the creation of 10 individual residential units. The building will also include a cellar and a 21-foot-long rear yard, offering additional space and amenities for residents. This project aligns with the recent trend of increased residential construction activity in East New York, contributing to the neighborhood’s revitalization.
A key factor that remains to be determined is whether these units will be included in New York City’s affordable housing lottery. The inclusion of affordable units would provide much-needed housing options for low- and moderate-income individuals and families in the area. However, it is also possible that the units will be offered as market-rate rentals, reflecting the market value of comparable properties in East New York. This would cater to renters able to afford current market rates.
With the lot at 803 Glenmore Avenue already vacant, there will be no need for demolition permits, potentially streamlining the development process. An estimated completion date for the project has not yet been announced. For those interested in following the progress of this development and learning more about potential rental opportunities, regularly checking local news sources and real estate websites is highly recommended. This project offers a promising addition to East New York’s housing market.
