A developer who just spent $3.4 million acquiring three adjoining lots on Halsey Street in Bedford-Stuyvesant has filed plans for a three-story structure with ten rental apartments at 308 Halsey Street. The filing, submitted to the Department of Buildings on October 2, calls for 8,863 square feet of residential space at the address, situated between Throop Avenue and Tompkins Avenue.
According to New York YIMBY, the proposed building will rise 45 feet with ten residences averaging 886 square feet apiece, most likely as rentals. The design calls for a steel-based structure with a cellar and a 20-foot rear yard. Property records reviewed by PincusCo show that the site's owner, listed on the applications as Rafael Reihanian, acquired 308 Halsey Street along with the two neighboring lots at 310 and 312 Halsey Street from seller Lisa Parvin for $3.4 million last month.
Financing the Halsey Street Purchase
The same PincusCo property records show Reihanian's company, Tower Real Estate Investments, financed the purchase with a $5 million mortgage from lender Wisdom Capital, also secured in September. The purchase covered three lots, and the building filing is for 308 Halsey Street.
Beyond the residential count, the filing examined by Marketproof shows the project also includes 3,104 square feet of commercial space, along with a 17.7-square-foot front yard, a detail not emphasized in earlier summaries of the plans. The lot previously held a two-story, 1,386-square-foot building constructed in 1935 before it became vacant, per the same Marketproof filing records.
Zoning Caps the Scale Along This Stretch
Whatever Reihanian ultimately builds on Halsey Street will be bound by R6B zoning, a contextual residential district with a maximum building height of 55 feet and a residential floor-area ratio of 2.0.
The site sits near the Kingston–Throop Avenues subway station, served by the A and C trains, per New York YIMBY's report.
A Developer With a Track Record in the Neighborhood
Reihanian is no stranger to Bed-Stuy real estate. In October 2024, he acquired three former church properties at 188 Bainbridge Street and 340-344 Malcolm X Boulevard for $5 million with plans to build a 42-unit residential project, according to records reported by Traded. Tower Real Estate Investments also developed a 16-unit project at 366-370 Gates Avenue in 2016 after winning a bidding war for fire-damaged properties, a deal that included covering relocation costs for displaced shelter residents, as the Brooklyn Eagle reported at the time.
The architect of record on the Halsey Street filing is Alexander Zhitnik of Z Architecture PLLC, according to PincusCo's filing data. The firm has stayed busy in the immediate area too, having submitted plans in September for a four-story, nine-unit building at 479 Washington Avenue in nearby Clinton Hill, according to Marketproof's reporting.
No demolition permits have been filed yet for 308 Halsey Street, though demolition permits will likely not be needed because the lot is vacant, per New York YIMBY. No estimated completion date has been announced for the project. Hoodline has previously tracked a four-story building with apartments and a small-scale project planned next door, as the neighborhood continues to see a steady churn of new housing applications.
