Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens. Located on the North Brooklyn-Queens border, the 17-story building will debut as one of the tallest in the area.
3-50 St. Nicholas Avenue
Permits have been filed for a 17-story tower at 3-50 St. Nicholas Avenue, in Ridgewood, Queens. Located between Palmetto Street and Woodbine Street, the corner lot is one block away from the Myrtle-Wyckoff Avenues subway station, serviced by the M and L trains. Meir Babaev of AB Capstone is listed as the owner behind the applications.