East Williamsburg


Rendering of 159 Boerum Street, courtesy of MNS.

Refinancing Secured for The Welz at 159 Boerum Street in East Williamsburg, Brooklyn

Slate Property Group has closed on a $64 million refinancing deal for The Welz, a newly completed multifamily development at 159 Boerum Street in East Williamsburg, Brooklyn. Designed by Aufgang Architects and developed in partnership with Avenue Realty Capital, the 19-story building offers 162 rental units and spans 116,000 square feet. The project reached substantial completion in February 2025 and is currently 96 percent leased.

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Housing Lottery Launches for 104 Frost Street in East Williamsburg, Brooklyn

The affordable housing lottery has launched for 104 Frost Street, an eight-story residential building in East Williamsburg, Brooklyn. Designed by Kao Hwa Lee Architects and developed by Yisroel Greenfeld, the structure yields 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $131,040 to $189,540.

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