The affordable housing lottery has launched for 60 Cedar Street, an 18-story mixed-use building in Bushwick, Brooklyn. Designed by S. Wieder Architects and developed by Louis Handler of BTE, the structure yields 145 residences. Available on NYC Housing Connect are 42 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $106,458 to $198,250.
The Beitel Group has secured a $150 million loan for the development of 120 East 144th Street, a new residential project in Mott Haven, The Bronx. The funding, which was supplied by SCALE Lending, will support the construction of the 13-story, 450-unit property.
Permits have been filed for a 12-story mixed-use building at 622 Eleventh Avenue in Midtown West, Manhattan. Located between West 45th and West 46th Streets, the lot is a short walk to the 42 St-Port Authority Bus Terminal subway station, serviced by the A, C, and E trains. Cheskel Schwimmer of Chess Builders LLC is listed as the owner behind the applications.
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.
The affordable housing lottery has launched for 763 Park Avenue, a four-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by S. Wieder Architect and developed by Joel Jakobowitz, the structure yields eight residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $127,989 to $198,250.
