Brooklyn buyer pays $5M, files 44 units at 2074 McDonald 81 days on

Crystal Residences LLC paid $5 million for 2074 McDonald Avenue in Brooklyn on July 1, and a new-building application for 44 apartments in seven stories reached the Department of Buildings 81 days later, on Sept. 20. The seller was Jackson 2064 McDonald LLC, per the deed.

Why it matters

The gap between closing and filing is short, which suggests the buyer arrived with a plan rather than a site to hold. The DOB filing lists Emerald Developers as the owner and Kao Hwa Lee Architects PC as the applicant. The architect is the applicant only, and the individuals behind the buyer LLC are not named in either record.

At $5 million for 44 proposed units, land cost works out to about $113,600 per unit. That is a land-basis figure on a proposal, not a construction budget: the filing lists initial cost as $0.

The numbers

• Deed: July 1, 2026, $5,000,000, recorded July 13, doc 2026070700302003
• Buyer: Crystal Residences LLC. Seller: Jackson 2064 McDonald LLC
• Filing: B01436782-I1, New Building, Sept. 20, 2026
• Proposed: 7 stories, 44 dwelling units
• Days from deed to filing: 81 (our count from the two record dates)
• Land cost per proposed unit: about $113,600

What’s next

A filing is an application, not an approval or a permit. Watch for a DOB objection or approval, and for a construction loan recorded against the lot, which would show who is financing the 44 units. A similar timeline appeared this week in the Bronx: see New York and our story on a Morris Avenue lot filed for 99 units 99 days after its deed.