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.
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.
New renderings have been revealed for 268 Sullivan Place, a new mixed-use project currently underway in Crown Heights, Brooklyn. The project will stand seven stories tall and span nearly 29,000 square feet when complete.
The affordable housing lottery has launched for 194 Buffalo Avenue, a four-story residential building in Crown Heights, Brooklyn. Designed by Wu Woody Chen of Infocus and developed by Hagai Laniado, 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 $68,400 to $165,230.
The Hudson Companies has secured $135 million in financing for 975 Nostrand Avenue, a nine-story mixed-use building in Crown Heights, Brooklyn. Designed by ODA Architecture, the structure is planned to yield 328 residential units, with 30 percent reserved for affordable housing, as well as a ground-floor grocery store and community facility. The property is located by the intersection of Nostrand Avenue and Sullivan Place, and is currently occupied by a one-story supermarket.
