Hope Street Capital has closed on a $55 million construction loan to finance the completion of a new seven-story residential building in Crown Heights, Brooklyn. The property is located at 959 Sterling Place on a property formerly owned by the Hebron Seventh Day Adventist School, a New York City landmark completed in 1889.
The affordable housing lottery has launched for 2026 Walton Avenue, an eight-story residential building in Tremont, The Bronx. Designed by Fred Geremia Architects & Planners and developed by G & E Walton Developers, the structure yields 43 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $44,400 to $167,570.
The affordable housing lottery has launched for 32-72 41st Street, a five-story residential building in Astoria, Queens. Designed by James Cleary Architecture and developed by Thomas Theofilotas, the structure yields 25 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 $78,858 to $167,570.
Parkview Financial has provided $66 million in construction financing for developers to complete a new 131-unit multifamily rental building in Windsor Terrace, Brooklyn. Construction has already broken ground at 57 Caton Place, where the building will eventually rise nine stories above ground.
The affordable housing lottery has launched for 67-47 Alderton Street, a three-story residential building in Rego Park, Queens. Designed by Urban Architectural Design, the structure yields 18 residences and 11 parking spaces. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $139,620.
