June 4, 2015 By Christian Murray
The owner of the building located at 47-16 to 47-24 Greenpoint Avenue will start demolishing the structure in about two weeks, according to the owner.
Meir Babaev, a partner in AB Capstone, said that the demolition process will be quick and that construction is expected to begin in September. It should take 18 months to develop the new building, he said.
The new structure will be four stories. It will contain five residential units on the third floor and five on the fourth floor. All 10 units will be rental apartments.
The second floor will be used for professional office space, with the ground floor for commercial tenants.
The existing building, which is about to be demolished, is two stories and was previously occupied by King Boulevard, SSS Video, Azteca Restaurant and upstairs apartments.