Prospect Developers II files 14-story, 99-unit building in Brooklyn

The applicant of record is Kao Hwa Lee Architects PC, listed under the professional title of registered architect. The owner field names the entity Prospect Developers II. Our records pull did not find a recorded deed for the lot in the live City Register cache, which only holds large transactions, so we make no claim here about when or how the site was acquired, or what the owner paid. The record supports one thing: a new building of this size has been formally put before the city on this lot.

The filing does not say how many of the 99 units would be affordable, rental or condominium. The cost field is listed as zero, which is a placeholder at this stage and not an estimate of value.

For a larger filing in the same window, see Related files 376-unit, 12-story affordable tower in Queens, and the New York market page.

Why it matters

New-building filings are the earliest public signal of what may be built next. Tracking them at this stage lets lenders, contractors and brokers see projects months before a permit or a groundbreaking.

The record also shows who is on the paper. The owner entity and architect of record give suppliers and trades a concrete starting point, while the missing deed is a reminder that a filing alone does not establish what the owner paid for the land.

The numbers

• Filing date: Nov. 5, 2026, DOB NOW job B01441297-I1.
• Address: 261 Douglass Street, Brooklyn, block 412, lot 45.
• Proposed use: 99 dwelling units across 14 stories.
• Construction floor area: 100,430 square feet, which works out to roughly 1,010 square feet of gross floor area per unit before common space.
• Owner of record: Prospect Developers II. Applicant: Kao Hwa Lee Architects PC.
• Status: Pending CPE/ACPE Assignment. Listed cost: zero, a placeholder at this stage.

What’s next

The next visible step is assignment and plan examination at the Department of Buildings, after which objections, approvals and a permit would follow in the same DOB NOW record. Any later change in status, unit count or owner would show up there. We will report if the filing is amended, approved or paired with a recorded deed, and we will not treat the project as underway until a permit is issued.