![\"83](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2014\/06\/83-Humboldt-GMAP.png\")
<\/a><\/p>\nImage: GMAP<\/a><\/em><\/p>\n A new five-story, 10-unit building is replacing a Chinese takeout restaurant on 83 Humboldt Street in the eastern reaches of Williamsburg.<\/p>\n Located between Moore and Siegel streets, the proposed 7,586-square-foot development would have 10 units spread over five floors, according to permits<\/a> filed yesterday. Rising 58 feet tall, the building would have two units per floor, storage and a shared rooftop recreation area.<\/p>\n Developer 83 Humboldt LLC purchased the site, currently home to Nine Dragons restaurant, in November 2013 for $725,000, according to public records. In February<\/a>, the developer filed plans to convert the one-story commercial building into apartments, but that application was disapproved.<\/p>\n A now-defunct Loopnet listing<\/a> from more than a year ago describes the existing structure as measuring about 2,500 square feet, with ceilings approximately 18 feet high: “This property offers an excellent opportunity for a user. There is heavy foot traffic from the high density housing projects (Bushwick Houses) across the street which offers for a potentially flourishing business.”<\/p>\n For context, 83 Humboldt is next to 85 Humboldt, a big brick 18-unit walk-up with ground-floor retail. Fully occupied, 85 Humboldt went on the market with an asking price of $13.5 million, according to the Massey Knakal<\/a> listing. Measuring about 34,900 square feet, the corner property had nine three-bedroom and nine four-bedroom units, with average residential rents of about $30 per square foot. It sold for $12 million in April.<\/p>\n We love Williamsburg new development \u2014 by gosh, we do<\/a>. Inject our newsletter into your RE bloodstream here<\/a>.<\/em><\/p>\n The five-story, 10-unit building will have storage and a common rooftop recreation area. <\/p>\n","protected":false},"author":4,"featured_media":91784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8693,10332],"apple_news_notices":[],"yoast_head":"\n