Brooklyn

Affordable Housing Lottery Launches for 1111 Fulton Street in Bed-Stuy, Brooklyn

The affordable housing lottery has launched for 1111 Fulton Street, a seven-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by ND Architecture & Design, the structure yields seven residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $70,286 to $167,570.

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Grace Towers Apartments at 2060 Pitkin Avenue in Brooklyn - Courtesy of SVN Affordable

Camber Property Group Acquires Affordable Housing Portfolio from Omni New York in $105M Deal

Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.

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Rendering of 210 Clarkson Street - Hill West Architects

SCALE Lending Provides $68.5M Construction Loan to Complete 210 Clarkson Street in Prospect Lefferts Gardens, Brooklyn

SCALE Lending has provided K2 Real Estate Partners with a $68.5 million construction loan to complete a mixed-use residential building in Prospect Lefferts Gardens, Brooklyn. The project site is located at 210 Clarkson Avenue and will eventually support an eight-story property designed by Hill West Architects with 165 rental apartments and a ground-floor grocery store.

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Housing Lottery Launches for 668 Bushwick Avenue in Bushwick, Brooklyn

The affordable housing lottery has launched for 668 Bushwick Avenue, a six-story mixed-use building in Bushwick, Brooklyn. Designed by Genaro Urueta and developed by Tsvi Lipsitz of Affordable Housing Real Estate Corp., the structure yields 52 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $71,658 to $167,570.

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