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Rendering of 959 Sterling Place. Designed by Morris Adjmi Architects

Developers Secure $69 Million Bridge Loan for Mason Gray At 959 Sterling Place In Crown Heights, Brooklyn

7:30 am on July 20, 2024 By Max Gillespie

Invictus Real Estate Partners, a New York-based vertically integrated real estate private equity company, has announced the closing of a $69 million pre-TCO bridge loan for the Mason Gray, a residential property at 959 Sterling Place in Crown Heights, Brooklyn. The loan will support the completion of minor construction work on the seven-story building, allowing leasing to begin. Walker & Dunlop’s Mike Diaz and Aaron Appel arranged the financing for the project, which was developed by Hope Street Capital.

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Housing Lottery Launches for Mason Gray at 959 Sterling Place in Crown Heights, Brooklyn

6:30 am on July 16, 2024 By Vanessa Londono

The affordable housing lottery has launched for Mason Gray, a seven-story residential building at 959 Sterling Place in Crown Heights, Brooklyn. Designed by Morris Adjmi Architects and developed by Hopestreet Capital, the structure yields 158 residences. Available on NYC Housing Connect are 48 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,246 to $218,010.

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Rendering of Sol on the Park

Renderings Revealed for Sol on the Park Affordable Housing Development in Morrisania, The Bronx

7:00 am on May 9, 2022 By Sebastian Morris

The Department of Housing Preservation and Development (HPD), Housing Development Corporation, and NYCHA have announced plans to construct Sol on the Park, a 195-unit affordable housing property in the Morrisania section of The Bronx. Located at the corner of St. Paul’s Place and Park Avenue, the project sits within the Morris II public housing development.

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Permits Filed for 638 West 158th Street in Washington Heights, Manhattan

6:30 am on November 15, 2021 By Vanessa Londono

Permits have been filed for a 17-story mixed-use building at 638 West 158th Street in Washington Heights, Manhattan. Located between Riverside Drive East and Riverside Drive West, the lot is two blocks from the 157th Street subway station, serviced by the 1 train. Javier Martinez of Artifact Real Estate Development Company is listed as the owner behind the applications.

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