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Near Lakewood amphitheater, construction is set to begin in 2020 on the first of more than 100 homes.
The Oliver Street community will offer 30 residences off Donald Lee Hollowell Parkway.
"It’s popping over here," one real estate agent says.
The project replaces a vacant lot at the corner of Montrose Avenue and Bernard Street.
How much do you know about NYC architecture, design, and the built environment? Test your mettle with these trivia questions!
Options include Craftsman cottages, a glammed-up Spanish bungalow, a sleek contemporary townhouse, and a quaint 1920s Colonial Revival
The award-winning Balogh House, built in 1958, is listed for $750,000.
The deal is expected to generate $25 million for repairs, but the complex has an estimated need of $159 million over the next five years.
The site has been vacant since a senior housing facility was toppled eight years ago.
Why every new development in the city comes with incentives.