173 Amity Street

Photo: 173amitystreet.com

Condo conversion 173 Amity Street in Cobble Hill is coming soon.

The corner four-story limestone building traded in 2012 for $4.525 million, according to public records. Previously, the rental property had been owned by the same family for decades, according to Vespa Properties Group, which brokered the deal.

The buyer, Lonicera Partners, is renovating the eight-unit building, which had four market-rate units and four rent-regulated units at the time of sale. The 50-foot-tall structure features a central dark wood staircase with residences on both sides. The existing apartments are three-bedroom or four-bedroom residences — each at least 1,400 square feet, Brownstoner reported. Interiors had formal dining rooms, hardwood floors, bay windows, decorative fireplaces, moldings, transoms and dumbwaiters.

BK to the Fullest rhapsodized about the 30′ by 90′ building, which is unattached on three sides and touts more than 20 windows per floor: “173 Amity Street is a serious flagship property. It listed at $5.5M and closed for $4.525M cash last month. That’s no small amount of money, but $348/sqft is a great price for such a monster piece in an area where smaller townhomes can fetch $3M easily.”

Lonicera Partners’ site indicates that the redone apartments will have “expansive living and dining areas with original historic details and three exposures.” Alteration permits were filed in January 2013, with PKSB Architects as the architect of record.

According to a teaser site, the condos will be two-bedrooms and three-bedrooms, with a Spring 2014 occupancy (so… very soon?).

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