GREENWOOD – Yet another gas-station is being replaced by a residential building. This time, it’s in Greenwood, Brooklyn, just a block away from the cemetery. Development firm Heritage Equity Partners picked up this Mobil gas station site for $19.75 million earlier this month, property records indicate. The Real Deal first reported on the development, and the involvement of Heritage Equity, the same firm that’s also behind the massive office complex at 25 Kent Avenue, in Williamsburg.
In Greenwood, the site at 875 Fourth Avenue will sprout an eight-story building with 150 apartments, plans filed with the city’s Department of Buildings reveal. The residential space will span 102,070 square feet, which means apartments here average just a little over 680 square feet.