GFI Realty Featured in The Real Deal January 19, 2015

Rybak to build 90K sf condo on El Greco Diner site

Mark Maurer | The Real Deal

Rybak Development & Construction plans to demolish the El Greco Diner in Sheepshead Bay to make way for a 90,000-square-foot residential condominium property.

The new building at 1821 Emmons Avenue would contain a ground-floor retail component, Crain’s reported. The El Greco Diner and its parking lot occupy a full block at 1821 Emmons Avenue, near East 19th Street. Rybak, a Brooklyn-based developer, recently paid $13 million to buy the diner from the Venetoklis family, who operated it for more than four decades, according to the publication.

The building hit the market for $15.9 million last year, as The Real Deal reported. Erik Yankelovich of GFI Realty was hired to secure  construction financing for the project. [Crain’s]

 

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