Developer To Demolish 2 Brooklyn Homes, Build Apartment Complex

PROSPECT-LEFFERTS GARDENS — Two neocolonial houses on Lenox Road have been sold to developers who plan to tear them down and build an apartment complex, city records show.

Besyata Investment Group bought the wood-frame house at 94 Lenox Road for $5.15 million and 100 Lenox Road for $4.8 million on Jan. 10, city records show.

The price tag — $9.95 million in total or $218 per buildable square foot — was a record high in the neighborhood,” according to the New York Real Estate Journal.

Besyata Investment Group developers have since published a rendering of the new complex, which will be called Pulse Bedford, on the company's website.

The previous owner of 100 Lenox Road — B.H. Tal Real Estate — successfully filed in November for permission to demolish the two-family home and build a seven-story, 32-apartment building on the lot, according to Department of Buildings records.

The Lenox Road homes are not the first on the block to be torn down and replaced by apartment complexes, according to Brownstoner. The two buildings stand next to an eight-story condominium building that replaced three free-standing houses that developers tore down in 2015.

The Lenox Road sales were made possibly by Affordable New York, a tax incentive program that rewards developers who agree to lease a percentage of their units at rates below market level, NYREJ reported.

Photo courtesy of GoogleMaps/Nov. 2016