New York

Phipps Houses Lands $217M Loan for Affordable Brooklyn Community

The 403-unit project is expected to be complete in the fall of 2023.

Queens: Image by Sean Pavone/iStockphoto.com

Queens Multifamily Report – Spring 2021

While neighboring boroughs are showing improving fundamentals, Queens seems to be in for a bumpier ride.

J&L Cos. Receives $94M Loan for Newark Project

Greystone has arranged construction financing for the 12-story development.

Manhattan: Image by MicheleVacchiano/iStockphoto.com

Manhattan Multifamily Report – Spring 2021

After bottoming out in the last quarter of 2020, rates in the borough are slowly but steadily gaining ground.

Blue Onyx Cos. Breaks Ground on New Jersey Project

The 78-unit building is expected to be completed by the spring of 2023.

Image by tupungato/iStockphoto.com

Brooklyn Multifamily Report – Spring 2021

Although still in negative territory year-over-year, rates have been steadily recovering after a November 2020 bottom.

Natixis Originates $60M Refi for Brooklyn Asset

Meridian Capital Group arranged the financing package for the Class A multifamily property.

YS Developers Lands $63M Loan for Bronx Project

The financing will go toward building a mixed-income community in the Mott Haven neighborhood.

Parkview Financial Provides $90M Financing for Luxury Development

The 23-story building will rise in Lower Manhattan near the foot of the Brooklyn Bridge.

New York Affordable Senior Housing Project Kicks Off

The adaptive reuse of the 110-year-old building will target LEED Gold certification and add 109 affordable units in Westchester County.