Abatement underway at 42-43 27th Street

Abatement is underway at 42-43 27th Street, which sold earlier in the year after a short stint on the market.1 Last week, we stopped by the location and saw that abatement signs like the one below are posted throughout the building.

New York YIMBY spotted permits in 2014, and here’s more of the specifics:2

The project includes a 1,500-square foot retail space on the base, two apartments on the second floor, and then full floor units all the way to the eighth floor, for an average of around 1,000 square feet each. The developer paid nearly $1.7 million for the land, and while the unit sizes could go either way, we’re guessing the project will be condos.

42-43 27th Street

This building will be knocked down in the near future

42-43 27th Street

Abatement is underway at 42-43 27th Street

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