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Cammeby’s, Rybak to Develop 499-Unit Multifamily Property on Coney Island

Neptune-Sixth-Coney-Island

Plans for the second phase of Neptune/Sixth on Coney Island center on the construction of a luxury residential community comprising three separate towers and totaling 758,600 square feet of residential space.

CONEY ISLAND, N.Y. — A joint venture between two locally based firms, Cammeby’s International Group and Rybak Development, will build a 499-unit multifamily property on Coney Island. The property, which will house 40,368 square feet of commercial space, will be developed as part of the Neptune/Sixth mixed-use redevelopment. Units will come in one-, two- and three-bedroom formats, with 30 percent of the residences to be designated as affordable housing. Demolition work is underway at the site, and vertical construction is scheduled to begin in the second quarter of 2022.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

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