Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

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Housing Lottery Launches for 420 West 42nd Street in Midtown West, Manhattan

The affordable housing lottery has launched for 420 West 42nd Street, a 40-story residential building in Manhattan‘s Midtown West. Designed by Hardy Holtzman Pfeiffer Architects and developed by The Brodsky Organization in 2000, the structure yields 210 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $78,858 to $198,250.

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Permits Filed for 157 Leonard Street in East Williamsburg, Brooklyn

Permits have been filed for a four-story residential building at 157 Leonard Street in East Williamsburg, Brooklyn. Located between Stagg Street and Scholes Street, the lot is closest to the Broadway subway station, serviced by the G train and the Montrose Avenue station, serviced by the L train. Hershy Silberstein of Blue Shone Builders Inc. is listed as the owner behind the applications.

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Foundations Underway at 1034-1042 Atlantic Avenue in Crown Heights, Brooklyn

Foundation work is moving along at 1034-1042 Atlantic Avenue, the site of a 17-story residential building in Crown Heights, Brooklyn. Designed by Archimaera Architecture and developed by Elie Pariente of EMP Capital Group, the 175-foot-tall structure will span 172,789 square feet and yield 193 rental units with an average scope of 828 square feet, as well as 12,980 square feet of commercial space, a cellar level, a 62-foot-long rear yard, 20 enclosed parking spaces, and one loading berth. Countrywide Builders is the general contractor for the property, which is located on an interior lot between Atlantic Avenue and Pacific Street and Classon and Grand Avenues.

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17 Battery Place, via

Whitehall Building Completes Exterior Renovations at 17 Battery Place In Manhattan’s Financial District

Renovation work is complete on the Whitehall Building, a 31-story mixed-use building at 17 Battery Place in Manhattan‘s Financial District. Designed by GACE and Thornton Tomasetti and developed by the Moinian Group, the two-year project focused on the restoration of the building’s Renaissance Revival exterior to the historical conditions of its completion in 1910. Yates Exterior Restoration Services was the contractor for the property, which is located at the intersection of Battery Place and West Street.

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