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Alternate view of 40 Debevoise Street - Photo by Gerri Hernandez

100% Affordable Housing Property for Seniors Debuts at 40 Debevoise Street in Williamsburg, Brooklyn

Debevoise Senior Housing, a 100 percent affordable housing property for senior residents, opened this week in Williamsburg, Brooklyn. The new property is located at 40 Debevoise Street and was developed in partnership by The Arker Companies, New York City’s Department of Housing Preservation and Development (HPD), and the Jewish Association Serving the Aging (JASA).

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Financing Secured for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

The closing of construction financing was announced for a new 47-story mixed-use residential development at 550 Tenth Avenue in Hell’s Kitchen. The project is developed by Gotham Organization and Goldman Sachs Asset Management JV in a joint venture equity partnership, with Wells Fargo and US Bank providing a $212 million construction loan, and Lionheart Strategic Management providing $35 million in mezzanine financing.

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