JDS Development Receives $52M Construction Loan for Apartment Development in Brooklyn


Located in Brooklyn, the 50-unit apartment building is slated for completion by summer 2017.

NEW YORK CITY — JDS Development has received $52 million in construction financing for an apartment building in Brooklyn’s Park Slope neighborhood. Located at the corner of Baltic Street and Fourth Avenue, the 11-story building will feature 50 apartment units and ground-floor retail space. The property is slated for completion by summer 2017. Douglas Heitner, Sara Saylor, Jessica Wald and Christina Congdon of Kasowitz represented the borrower in the financing transaction.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News