Month: June 2024

Permits Filed For 817 Classon Avenue In Crown Heights, Brooklyn

Permits have been filed for a seven-story residential building at 817 Classon Avenue in Crown Heights, Brooklyn. Located between Lincoln Place and St. Johns Place, the lot is in walking distance of the Eastern Parkway-Brooklyn Museum subway station, serviced by the 2 and 3 train and the Park Place station, serviced by the Franklin Avenue shuttle. Moishe […]

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BridgeCity Lends $51M on Brooklyn Office-to-Resi Conversion

          Watermark Capital Group has sealed $50.6 million of acquisition financing for the purchase of ant Brooklyn office building slated to be converted into multifamily housing, Commercial Observer has learned. BridgeCity Capital originated the loan on 175 Pearl Street, an eight-story building in Brooklyn’s Dumbo neighborhood that Watermark recently acquired for $66.5 million from Cannon Hill […]

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