Crown Heights

Housing Lottery Launches for 1559 Prospect Place in Crown Heights, Brooklyn

The affordable housing lottery has launched for 1559 Prospect Place, an eight-story residential building in Crown Heights, Brooklyn. Designed by ESKW/Architects and developed by Settlement Housing Fund, the structure yields 45 residences. Available on NYC Housing Connect are 36 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $18,480 to $134,160.

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Rendering of Brooklyn Children’s Museum’s new terrace, courtyard and outdoor spaces. Courtesy of Gans and Company/NYC DDC

Renovations Announced For Brooklyn Children’s Museum In Crown Heights, Brooklyn

The New York City Department of Cultural Affairs and the New York City Department of Design and Construction have announced the start of a renovation project for the Brooklyn Children’s Museum at 145 Brooklyn Avenue in Crown Heights, Brooklyn. This project aims to rebuild the museum’s retaining walls and modernize its courtyard and terraces, creating 20,000 square feet of accessible outdoor space for young visitors and their families. The $15 million project will be funded by the Mayor’s Office, City Council, and the Brooklyn Borough President’s Office.

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Housing Lottery Launches for 1308 – 1314 Lincoln Place in Crown Heights, Brooklyn

The affordable housing lottery has launched for 1308 – 1314 Lincoln Place, a pair of six-story residential building in Crown Heights, Brooklyn. Designed by Feingold & Gregory Architects, the structures yield 13 residences each. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $102,686 to $181,740.

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Permits Filed for 794 Classon Avenue in Crown Heights, Brooklyn

Permits have been filed for a six-story mixed-use building at 794 Classon Avenue in Crown Heights, Brooklyn. Located at the intersection of St. Johns Place and Classon Avenue, the lot is near the Eastern Parkway-Brooklyn Museum subway station, serviced by the 2, 3, and 4 trains. Theordore Trachtenberg of St. Johns Associates is listed as the owner behind the applications.

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Rendering of 959 Sterling Place. Designed by Morris Adjmi Architects

Developers Secure $69 Million Bridge Loan for Mason Gray At 959 Sterling Place In Crown Heights, Brooklyn

Invictus Real Estate Partners, a New York-based vertically integrated real estate private equity company, has announced the closing of a $69 million pre-TCO bridge loan for the Mason Gray, a residential property at 959 Sterling Place in Crown Heights, Brooklyn. The loan will support the completion of minor construction work on the seven-story building, allowing leasing to begin. Walker & Dunlop’s Mike Diaz and Aaron Appel arranged the financing for the project, which was developed by Hope Street Capital.

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