East New York


888 Fountain Avenue in East New York, Brooklyn

Permits Filed for 888 Fountain Avenue in East New York, Brooklyn

Permits have been filed for a 15-story mixed-use building at 888 Fountain Avenue in East New York, Brooklyn. Located at the intersection of Seaview Avenue and Fountain Avenue, the corner lot is closest to the New Lots Avenue subway station, serviced by the 2, 3, and 4 trains. David Dishy of L+M Development Partners under the VBK C1 OWNER LLC is listed as the owner behind the applications.

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Rendering of Atlantic Chestnut 1 Phase

Phipps Houses Secures $217 Million Financing for Phase 1 of Atlantic Chestnut Development in East New York, Brooklyn

Non-profit housing developer Phipps Houses closed on $217 million in construction financing for the first phase of Atlantic Chestnut, a massive three-phase development in Brooklyn. When completed, Atlantic Chestnut will bring 1,200 affordable housing units to the East New York neighborhood under the 2016 East New York Rezoning. With Dattner Architects handling design, the Atlantic Chestnut development will consist of three mid-rise apartment buildings featuring affordable apartments, 60,000 square feet of commercial and community facility space, attended parking for 200 cars, and residential amenities comprising of a gym, children’s playroom, a lounge, a party room, and landscaped courtyards and roof deck. The project is being built by Monadnock Construction.

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50 Penn in East New York, Brooklyn. All images courtesy of NYC Housing Connect

Housing Lottery Launches for 50 Penn at 2628 Fulton Street in East New York, Brooklyn

The affordable housing lottery has launched for 50 Penn, a nine-story mixed-use building in East New York, Brooklyn. The 211,406-square-foot development is designed by Dattner Architects and will yield 218 units. Available on NYC Housing Connect are 175 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $14,640 to $118,400.

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