Ranger Properties and KD Sagamore Capital have closed on a $40 million loan to complete a new multi-family rental building at 982-988 Fulton Street in Clinton Hill, Brooklyn. Financing was provided by SCALE Lending, an affiliate of Slate Property Group.
Permits have been filed for a seven-story mixed-use building at 450 Grand Avenue in Clinton Hill, Brooklyn. The corner lot is adjacent to Putnam Triangle, a public green space at the intersection of Grand Avenue and Fulton Street. Both the Clinton-Washington Avenues and Franklin Avenue subway stations are within walking distance, serviced by the C train. Chana Leah Balkany of 450 Grand Avenue Owners LLC is listed as the owner behind the applications.
The affordable housing lottery has launched for 26 Quincy Street, a five-story residential building in Clinton Hill, Brooklyn. Designed by Jeffrey Kamen, the structure yields 43 residences and 22 parking spaces. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $83,349 to $167,570.
Construction has topped out on 540 Waverly Avenue, a nine-story mixed-use building in Clinton Hill, Brooklyn. Designed by Kutnicki Bernstein Architects and developed by The Daten Group, the 117,000-square-foot structure will yield 135 rental apartments spread across 91,000 square feet, including 40 units reserved for affordable housing, as well 6,000 square feet of ground-floor retail and a 56-vehicle parking garage. The property is located at the corner of Atlantic and Waverly Avenues.