Aerial view of the development assemblage at 354 and 360 West 52nd Street in Hell's Kitchen, Manhattan

Developers Secure $41.5M Financial Package for Condo Building at 360 West 52nd Street in Hell’s Kitchen

JLL Capital Markets has arranged a $41.5 million financial package for a trio of developers to complete a new condominium tower at 360 West 52nd Street in Hell’s Kitchen, Manhattan. The development team includes Cadence Property Group, HOH Capital Partners, and Deal Lake Capital, who also purchased an adjacent site at 354 West 52nd Street.

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Housing Lottery Launches for 540 Graham Avenue in Greenpoint, Brooklyn

The affordable housing lottery has launched for 540 Graham Avenue, a five-story mixed-use building in Greenpoint, Brooklyn. Designed by Issac & Stern Architects and developed by Greenline Real Estate, the structure yields 25 residences, 13 parking spaces, and ground-floor retail space. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $99,086 to $165,230. One-bedroom tenants get one month free rent and studio tenants get two months free rent.

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Vertical Construction Moving Along At 16 Dupont Street in Greenpoint, Brooklyn

Construction is progressing quickly at 16 Dupont Street, the site of a 40-story residential tower in Greenpoint, Brooklyn‘s Greenpoint Landing master plan. Designed by GKV Architects and developed by Rockefeller Group with partner Park Tower Group, the 400-foot-tall structure will span 365,651 square feet and yield 378 units, as well as 2,548 square feet of commercial space and 138 enclosed parking spaces. Monadnock Construction is the general contractor for the property, which is located at the intersection of Dupont, West, and Commercial Streets.

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Housing Lottery Launches for 1430 Fulton Street in Bed-Stuy, Brooklyn

The affordable housing lottery has launched for 1430 Fulton Street, a seven-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by Karl Fischer and developed by CS Real Estate Group, the structure yields 64 residences. Available on NYC Housing Connect are 40 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $45,360 to $227,630.

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