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A large industrial site in leafy Boerum Hill that the city recently rezoned for housing will be developed by busy builder Yitzchok Katz.
Property records made public Wednesday identify Katz, the chief executive of Goose Property Management, as the buyer of the three-lot site occupying much of the block framed by Bergen and Wyckoff streets, and Third Avenue and Nevins Street.
Katz, who does not appear to have been linked previously to the site despite its publicized journey through the city’s rezoning process, paid $39.7 million for the parcel, which for decades has been home to a film-products factory.
The seller of the site, Ulano, closed on the deal April 1, according to the deed that appeared in the city register Wednesday.
Katz, who could not be reached through Goose by press time, is cleared to develop a four-building development encompassing 300 units, 90 of which will be affordable, or offered at reduced rents for those in certain income bands, according to the zoning resolution passed by the City Council in fall 2022.
It’s not clear if Katz was in talks with Ulano at that point about how the site could be developed, but he did enter into a contract to buy the property back in July, records show.
Katz’s property, which will use the address 280 Bergen St., is also approved for 9,600 square feet of storefronts and a 10,000-square-foot community center, the resolution says.
The developer has applied for demolition permits with the Department of Buildings, though they have yet to be fully approved, records show.
The site, which is near both Barclays Center and the Gowanus Canal, consists of three parcels, the largest of which is an L-shaped, low-slung brick building from the 1940s at 268 Bergen St. that clocks in at 49,000 square feet, records show. Two much-smaller sites face Wyckoff Street.
Founded in the 1920s by Russian immigrant Joseph Ulano, Ulano has manufactured a range of chemical products through the years, including hand sanitizer, though it did not always have a warm relationship with its neighbors.
In the late 1980s, the company came under fire for allegedly being a polluter, a problem later rectified with an incinerator, while the noise from delivery trucks drew ire more recently. An international conglomerate with locations in Singapore, Germany and India has owned Ulano since 1999, according to its website. Efforts to reach the company, which appears to have moved out of the property a year ago, were unsuccessful.
Extremely active in Brooklyn and Queens, though relatively new to the development scene and with a low-key presence, Katz appears to be juggling several major projects at once. He’s developing two residential towers nearby, a 23-story offering at 370 Livingston St. and a 15-story version at next-door 362 Livingston; an even taller tower with 45 stories is underway at 570 Fulton St.
Katz, who also does business by way of the shell company Developing NY State, also recently opened the doors to 2-24 26th Ave., a 137-unit rental project in Astoria, Queens, where market-rate studios start at around $2,600 a month.
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C. J. Hughes , 2024-04-10 19:39:02
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