Goose Lands $132M Loan for Brooklyn Property
Affinius Capital LLC originated construction financing for the development of an upscale, mixed-use community.
Goose Property Management has obtained a $132 million construction loan to develop a new luxury apartment building in Brooklyn, N.Y. Affinius Capital LLC originated the loan for the ground-up development of 358 Livingston Street. The downtown Brooklyn property will rise 24 stories and include 5,000 square feet of ground-floor retail.
Featuring 297 apartments in a mix of studios, one-bedroom and two-bedroom units, 358 Livingston Street is slated to be unveiled in late 2027.
Residents will have access to an entire floor focused on amenities. They will include a fitness center with a boxing studio and a sauna, dedicated children’s playroom and media lounge. Professional coworking spaces and conference rooms will serve residents working remotely. The building will also offer a private screening room for movie nights as well as an outdoor lounge.
The financing for the project was arranged by Henry Bodek of Galaxy Capital.
Transit nearby
The new development will be located at the southern corner of Livingston Street and Flatbush Avenue. Views of the Manhattan skyline will be available from a number of the residences.
Residents will find public transportation from proximate subway stations on Nevins Street, Hoyt-Schermerhorn Streets, Atlantic Avenue and DeKalb Avenue, all enabling access to Manhattan and around Brooklyn and Queens via the 2, 3, 4, 5, A, B, C, D, N, Q and R train lines.
In a prepared corporate statement, an Affinius Capital official noted that the transaction reflects the company’s commitment to originating construction financing in such vibrant markets as Brooklyn.
Last month, the 150-residence Brooklyn high-rise changed hands for $112 million. The 28-story property was completed in 2018 and includes studios, one- and two-bedroom units, and two penthouse homes. There is a rooftop terrace with a view of the Statue of Liberty.
