Permits have been filed for a four-story residential expansion to a two-story building at 393 Greene Avenue in Bedford-Stuyvesant, Brooklyn. Located between Franklin Avenue and Bedford Avenue, the lot is near the Bedford–Nostrand Avenues subway station, served by the G train. Isaac Broyn of B&B Global Development is listed as the owner behind the applications.
Construction recently topped out on Coney Island III, an 11-story all-affordable residential building at 1709 Surf Avenue in Coney Island, Brooklyn. Designed by S9Architecture and developed by BFC Partners in collaboration with the NYC Department of Housing Preservation & Development (HPD), the NYC Housing Development Corporation (HDC), Citi, and Goldman Sachs, the structure will yield 420 rental units. The project is the third and final phase of the Coney Island West seaside master plan, which will contain a total of 1,242 homes. The property is located along the waterfront between West 17th and 19th Streets, directly across from Maimonides Park, home of the Brooklyn Cyclones.
A $75 million financing package has been secured to support the development of 757 Flatbush Avenue, a forthcoming nine-story condominium building in Flatbush, Brooklyn. The package consists of a $58 million senior loan from Madison Realty Capital and a $17 million mezzanine loan from Naftali Credit Partners. The financing will refinance existing land debt and fund the project’s remaining hard and soft construction costs. Designed by Morali Architects and developed by New Empire, the project will yield 131 condominium residences ranging from studio to three-bedroom units, along with approximately 3,348 square feet of ground-floor commercial space.
The affordable housing lottery has launched for 1060 Prospect Avenue, a seven-story residential building in Longwood, The Bronx. Developed by Full Life Gospel Assembly Inc. which partnered with the NYC Department of Housing Preservation and Development, the structure yields 92 residences. Available on NYC Housing Connect are six units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $81,669 to $146,560.
Yesterday the Department of City Planning posted the 30-day Certification Notice for 240 Nassau Street, signaling the ULURP approval process will begin next month for a four-building mixed-use development project by Alloy Development. The project will yield approximately 1,500 rental apartments across three buildings, including 300 affordable homes, as well as a new public school, community facility and cultural centers, retail, and almost an acre of new outdoor space. The property is located between Navy Street and Gold Street.
