When the developer Jeffrey Weinberg bought the vintage courtyard building at 5219-27 South Drexel Avenue five years ago, he thought it had all the right elements for an apartment building: a sturdy and attractive structure; big rooms with lots of light; an improving neighborhood.
Turns out, the neighborhood improved even faster than Weinberg anticipated, and so the developer has decided to go condo-which means giving the building a complete rehab and a new name: Heritage on Drexel. Weinberg’s conversion kept the building’s density at 20 units, although he managed to expand two of the condos by dropping down into some unused half-basement space. The resulting 2,035-square-foot duplexes-the building’s largest units, each priced at $364,500-have an unusual floor plan, with a kitchen, a great room, and one bedroom on the first floor and two more bedrooms, two baths, and a den on the “garden” or basement level. There is no parking included with any of the units.
The building’s smallest unit, a 957-square-foot two-bedroom condo priced at $174,500, is on the garden level. The first ten units, on the south side of the courtyard, are ready for occupancy now. As of press time, two of the units had been sold.
Photoraphy: Courtesy of Rubloff Residential PropertiesEdit Module