Heritage Equity Partners recently secured $53 million in construction financing to build a new multifamily rental property in Sunset Park, Brooklyn. The property is located at 875 4th Avenue in an area colloquially referred to as South Slope and will yield 150 units.
875 Fourth Avenue
Permits have been filed for an eight-story residential development at 875 Fourth Avenue in Greenwood Heights, Brooklyn. The site is three blocks from the 36th Street subway station, serviced by the D and R trains. The existing gas station was sold to Heritage Equity Partners for $19.8 million. The firm’s Toby Moskovits is listed as behind the applications.