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$5.56 Million DoBro Apartment Building Wants to be a Hotel

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The four-story apartment building at the corner of Lafayette Avenue and St. Felix Street in Downtown Brooklyn has been dreaming of a bigger future since at least 2007, when a listing for the building came with a rendering for a 17,275-square-foot building to replace the current 4,520-square-foot structure. A buyer went for it, plunking down $3.4 million for the site, but no changes occurred. Now 37 Lafayette Avenue is on the market again, still with high hopes and an even higher price: $5.56 million. Per the brokerbabble, "The current owners have already done the ground work of a hotel analysis with business plan. Neighboring air rights are already purchased and the preliminary plans for a boutique hotel that is eco friendly with a green construction are included. The hotel will feature 56 rooms."
The listing includes this small rendering:

· Listing: 37 Lafayette Avenue [Elliman]
· 37 Lafayette Avenue [StreetEasy]