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NEW YORK CITY – Clipper Equity has completed more than $20 million in renovations to Flatbush Gardens in Brooklyn, New York City. The community features 59 six-story buildings with a total of 2,469 units. The property comprises 30 acres of East Flatbush and is bordered by Newkirk, Nostrand, Farragut and Brooklyn Avenue. Of the $20 million loan, $10 million went towards renovating the property and $10 million to renovating 1,200 units. The renovations included installing 59 elevators, updating the boiler system, re-roofing 40 percent of the buildings, repairing the exterior brick, installing a laundry facility and replacing the mailroom with a 24/7 center and parcel post office. Also, GreenbergFarrow designed the new courtyard.