Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

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Housing Lottery Launches for 1457 Flatbush Avenue in Flatbush, Brooklyn

The affordable housing lottery has launched for 1457 Flatbush Avenue, an eight-story mixed-use building in Flatbush, Brooklyn. Designed by Paul Jensen of Strekte Corp. and developed by Harry Einhorn of Flatbush Tower One LLC, the structure yields 71 residences, 2,689 square feet of commercial space, 8,150 square feet of community facility space, and 25 parking spaces. Available on NYC Housing Connect are 22 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $57,429 to $156,130.

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