Ranger Properties and KD Sagamore Capital have closed on a $40 million loan to complete a new multi-family rental building at 982-988 Fulton Street in Clinton Hill, Brooklyn. Financing was provided by SCALE Lending, an affiliate of Slate Property Group.
The affordable housing lottery has launched for 186 East 205th Street, an eight-story residential building in Bedford Park, The Bronx. Designed by Badaly Architects and developed by Franco Sukaj, the 42,524-square-foot structure yields 62 residences. Available on NYC Housing Connect are 19 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $41,143 to $167,570.
Permits have been filed for a four-story residential building at 75-02 21st Avenue in Far Rockaway, Queens. Located between Beach 22nd Street and Grassmere Terrace, the 16,230-square-foot interior lot is closest to the Far Rockaway-Mott Avenue subway station, serviced by the A train. Aharon Steinberg is listed as the owner behind the applications.
Construction has reached the first office levels of JP Morgan Chase‘s new 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Steel assembly on the gargantuan ground floor has reached the eastern end of the rectangular parcel, while the rest of the flaring diagonal columns complete the outline of the base. This week, workers began to weld the first set of vertical columns and diagonal beams above the ground floor, which will become trading floors in the first tier of floor plates in the 2.5-million-square-foot behemoth. Tishman Construction is the general contractor for the project, located between Park and Madison Avenues and 47th and 48th Streets.
Leasing is now underway at 99 Bridge, a new rental property in Old Bridge, New Jersey. From BNE Realty Group, LPZ, and Sterling Properties, the community is located at 99 Old Amboy Road and houses a collection of 150 apartments and lifestyle amenities.