Housing Lottery Launches for 1020 Rogers Avenue in Flatbush, Brooklyn

The affordable housing lottery has launched for 1020 Rogers Avenue, a seven-story mixed-use building in Flatbush, Brooklyn. Designed by Zproekt Architects and developed by Oleg Krasnitsky under the 1020 Rogers Avenue LLC, the structure yields 75 residences. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $218,010.

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Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

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