Slate Property Group

Rendering of 159 Boerum Street - Aufgang Architects

Developers Secure $55M Loan for 159 Boerum Street in East Williamsburg, Brooklyn

7:00 am on January 10, 2023 By Sebastian Morris

Slate Property Group and Avenue Realty Capital have closed on a $55 million loan to complete a 19-story residential building at 159 Boerum Street in East Williamsburg, Brooklyn. Designed by Aufgang Architects, the 80,000-square-foot structure will yield 120 units, with 19 reserved for affordable housing. Amenities will include a fitness center, a roof deck, a parking garage, and bike storage. The property is located between Graham Avenue and Humboldt Street.

Rendering of a mixed-use building within Edgemere Commons where a new Shopfair Supermarket will debut - Courtesy of Aufgang Architects

ShopFair Supermarkets to Join Edgemere Commons Mega-Development in Edgemere, Queens

7:00 am on January 9, 2023 By Sebastian Morris

ShopFair Supermarkets will soon debut at Edgemere Commons, an 11-building affordable housing complex currently under construction in Edgemere, Queens. The new supermarket will comprise more than 27,000 square feet and is expected to open in spring 2024.

445 Grand Avenue’s Façade Progresses in Clinton Hill, Brooklyn

7:30 am on November 13, 2022 By Michael Young

Exterior work is progressing on 445 Grand Avenue, a nine-story residential building in Clinton Hill, Brooklyn. Designed by Fogarty Finger and developed by Ranger Properties, the 110-foot-tall structure will yield 120,809 square feet with 113 rental units, 7,652 square feet of ground-floor retail space, and a 4,362-square-foot community center for the Seventh Day Adventist Church. Thirty percent of the homes will be designated as affordable housing. KD Sagamore Capital is listed as the owner and Titanium Construction Services is the general contractor for the property, which is located at the corner of Grand Avenue and Fulton Street.

Aerial view of Edgemere Commons - Aufgang Architects

Developers Break Ground at Edgemere Commons Affordable Housing Complex in Edgemere, Queens

7:00 am on June 1, 2022 By Sebastian Morris

Construction has officially broken ground at Edgemere Commons, a new 11-building affordable housing complex located on the former Peninsula Hospital complex in Edgemere, Queens. The complex spans 9.35 acres and will eventually comprise 2.2 million square feet with 2,050 affordable and supportive housing units.

Developers Close on $87.6M in Financing for 575 Grand Street in Williamsburg, Brooklyn

7:30 am on March 26, 2022 By Sebastian Morris

Goose Property Management has received $87.6 million in financing to complete construction on a 186-unit rental property in Williamsburg, Brooklyn. Located at 575 Grand Street in a busy pedestrian corridor, the development will top out at nine stories and comprise approximately 175,000 square feet.

Housing Lottery Launches for Dutch House at 37-01 30th Street in Astoria, Queens

7:00 am on March 23, 2022 By Vanessa Londono

The affordable housing lottery has launched for Dutch House, a seven-story mixed-use building at 37-01 30th Street in Astoria, Queens. Designed by Aufgang Architects and developed by Slate Property Group, the structure yields 199 residences. Available on NYC Housing Connect are 56 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $87,635 to $167,570.

Revised rendering of 959 Sterling Place - Morris Adjmi Architects; Hope Street Capital

Developers Close on $55M Construction Loan for 959 Sterling Place in Crown Heights, Brooklyn

7:30 am on February 2, 2022 By Sebastian Morris

Hope Street Capital has closed on a $55 million construction loan to finance the completion of a new seven-story residential building in Crown Heights, Brooklyn. The property is located at 959 Sterling Place on a property formerly owned by the Hebron Seventh Day Adventist School, a New York City landmark completed in 1889.

Rendering of 210 Clarkson Street - Hill West Architects

SCALE Lending Provides $68.5M Construction Loan to Complete 210 Clarkson Street in Prospect Lefferts Gardens, Brooklyn

7:00 am on November 29, 2021 By Sebastian Morris

SCALE Lending has provided K2 Real Estate Partners with a $68.5 million construction loan to complete a mixed-use residential building in Prospect Lefferts Gardens, Brooklyn. The project site is located at 210 Clarkson Avenue and will eventually support an eight-story property designed by Hill West Architects with 165 rental apartments and a ground-floor grocery store.

Aerial rendering of 26 Van Reipen Avenue - NAMDAR Group; C3D Architecture

Namdar Group Closes on $96M Financing Package to Complete 26 Van Reipen Avenue in Jersey City

7:00 am on November 15, 2021 By Sebastian Morris

Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.

Rendering of 982-988 Fulton Street (457 Grand Avenue) - Fogarty Finger

SCALE Lending Provides $40M in Construction Financing for 982-988 Fulton Street in Clinton Hill, Brooklyn

7:30 am on October 2, 2021 By Sebastian Morris

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.

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