Brooklyn



Housing Lottery Launches for 2817 Atlantic Avenue in East New York, Brooklyn

The affordable housing lottery has launched for 2817 Atlantic Avenue, a 14-story mixed-use building in East New York, Brooklyn. Designed by Peter Pizzimenti and developed by Joel Schwartz under the 2815 Atlantic Holding LLC, the structure yields 68 residences. Available on NYC Housing Connect are 14 units for residents at 40 to 60 percent of the area median income (AMI), ranging in eligible income from $33,875 to $86,460.

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Aerial rendering of 540 DeGraw Street - Handel Architects

Developers Close on $140M Loan to Complete Majestic at 540 DeGraw Street in Gowanus, Brooklyn

JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue.

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Affordable Housing Lottery Launches for Linden Terrace II in East New York, Brooklyn

The affordable housing lottery has launched for Linden Terrace II, an eight-story mixed-use building at 573 Emerald Street in East New York, Brooklyn. Designed by Magnusson Architecture and Planning and developed by Radson Development, the structure yields 160 residences. Available on NYC Housing Connect are 129 units for residents at 30 to 70 percent of the area median income (AMI), ranging in eligible income from $16,183 to $115,850.

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