NEW YORK CITY — LCOR has secured $33 million in construction financing for a 142-unit residential rental property located at 34 Berry St. in the Williamsburg neighborhood of Brooklyn. Amenities for the $69 million project, which is scheduled for a spring 2010 completion, will include a landscaped outdoor garden, a rooftop terrace and lounge, a fitness center, a business meeting room and on-site parking for 71 cars. The loan was originated by Richard Bassuk of Singer & Bassuk; the lender was bank of America. Terms of the financing were not disclosed. The project was designed by Perkins Eastman; the general contractor is Ryder Construction. Leasing is being handled by Rose Associates.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties