The affordable housing lottery has launched for 132-53 41st Avenue, a six-story residential building in Flushing, Queens. Designed by Lin & Associates Architects, the structure yields 14 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $227,630.
Slate Property Group, in collaboration with Grobman Gross Properties, has finalized a $97 million refinancing deal for The Yellowstone, a recently completed 11-story residential building at 69-65 Yellowstone Boulevard in Forest Hills, Queens. The refinancing, which will be provided by Apollo Global Real Estate Management L.P., will be used to settle the building’s existing debts and support its financial structure.
Developers have secured a $60.25 million bridge loan to complete construction on 26-01 4th Street, a 13-story residential building in the Hallets Point section of Astoria, Queens. Designed by Lu Ning Architecture and developed by Ming’s Garden Realty LLC, the structure will yield 143 condominium units in studio to two-bedroom layouts, as well as a 40,034-square-foot community facility and 167 parking spaces. New Land Capital arranged the loan from Slate Property Group and LibreMax Capital for the property, which is located at the corner of 4th Street and 26th Avenue.
The affordable housing lottery has launched for 91-15 101st Avenue, a three-story mixed-use building in Ozone Park, Queens. Designed by Sion Consulting Engineering and developed by Sarbjit Singh of SGNR Properties, the structure yields 10 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $227,630.
