Flatbush

Financing Package Closes For 757 Flatbush Avenue In Flatbush, Brooklyn

A $75 million financing package has been secured to support the development of 757 Flatbush Avenue, a forthcoming nine-story condominium building in Flatbush, Brooklyn. The package consists of a $58 million senior loan from Madison Realty Capital and a $17 million mezzanine loan from Naftali Credit Partners. The financing will refinance existing land debt and fund the project’s remaining hard and soft construction costs. Designed by Morali Architects and developed by New Empire, the project will yield 131 condominium residences ranging from studio to three-bedroom units, along with approximately 3,348 square feet of ground-floor commercial space.

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Housing Lottery Launches for 673-675 East 32nd Street in Flatbush, Brooklyn

The affordable housing lottery has launched for 673-675 East 32nd Street, two four-story residential buildings in Flatbush, Brooklyn. Designed by Infocus and developed by Yehuda Cohen under the 630 East 31st Street LLC, the structures yield a total 13 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $109,955 to $189,540.

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Housing Lottery Launches for 2404 Cortelyou Road in Flatbush, Brooklyn

The affordable housing lottery has launched for 2404 Cortelyou Road, a seven-story residential building in Flatbush, Brooklyn. Designed by Amr Ouda of Jay Architect & Engineering and developed by Cheskal Retek of A Plus 1 Management Inc., the structure yields 24 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $98,195 to $227,500.

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Housing Lottery Launches for Bedford Beverly Phase 2 in Flatbush, Brooklyn

The affordable housing lottery has launched for Bedford Beverly Phase 2, a four-building complex at 2201 Beverley Road and 2366 Bedford Avenue in Flatbush, Brooklyn. Designed by S. Wieder Architects and Durukan Design, and developed by Clipper Equity, the structures yield a total 653 residences. Available on NYC Housing Connect are 196 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $103,303 to $227,500. New tenants have a two-month free rent off on one- and two-year lease terms.

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