A site occupied by a four-story residential building on Stockholm Street is about to become a new 10-unit rental building, with two of those apartments designated as affordable housing. Permits for the project at 142 Stockholm Street have been filed with the city, calling for a 43-foot-tall structure with a cellar, a concrete-based frame, and a 16-foot-long rear yard.
According to New York YIMBY, the filing is credited to Richard Herbst, listed as the owner behind the applications and affiliated with Do Well Management LLC. Navkiran Cheema of KMA Designs LLC is named as architect of record. The building is set to span 5,324 square feet total, with 4,945 square feet dedicated to residential space, and the average unit size of roughly 495 square feet suggests the apartments will most likely be rentals, per the same outlet's report.
The project includes two affordable units. The remaining eight residences will rent at market rate. No demolition permits have been filed yet for the existing four-story residential building currently on the lot, and no estimated completion date has been announced for the new project.
How the City's Zoning Overhaul Makes This Possible
New York City's City of Yes for Housing Opportunity zoning text amendment arrived on December 5, 2024. Under the policy's Universal Affordability Preference mechanism, developers building in medium-density districts outside Mandatory Inclusionary Housing zones can add at least 20% more floor area if the extra units remain permanently affordable to households earning an average of 60% of Area Median Income, according to MGNY Consulting. The Department of City Planning has projected that the citywide amendment will enable roughly 82,000 new housing units over the next 15 years.
Another Brooklyn Filing
PincusCo separately reported plans for a 45-unit residential building in East New York, according to PincusCo. The Stockholm Street project sits between Wilson Avenue and Myrtle Avenue, near the Knickerbocker Avenue station on the M line, and within walking distance of the Myrtle-Wyckoff Avenues hub serving both the L and M trains.
The site also shares a street with Wyckoff Heights Medical Center, located at 374 Stockholm Street, according to the hospital's own site. That stretch of Bushwick has drawn scrutiny recently for reasons beyond development: the neighborhood falls within the NYPD's 83rd Precinct, which logged a 31.6% jump in major crime during the first half of 2026 compared to the same period a year earlier — the largest percentage increase of any precinct citywide, according to a July analysis of NYPD CompStat data published by Vital City.
Part of a Broader Bushwick Building Wave
The Stockholm Street filing lands amid a string of similar small-lot projects reshaping Bushwick's low-rise blocks. Just weeks earlier, plans were submitted for a separate four-story, six-unit rental project at 115 Cooper Street, part of what Hoodline described in its report on a nearby Cooper Street lot as an ongoing wave of low-rise infill construction in the neighborhood.
That construction boom is unfolding as rents in Bushwick keep climbing. RentCafe data from August 2026 put Bushwick rents at approximately $3,381 — a figure that frames just how tight the market is for the roughly 495-square-foot units planned for 142 Stockholm Street, even with two of the ten designated as affordable housing.
