11 Ocean Parkway Brooklyn, NY

Project Type: Multifamily
Investment Type:
Mezzanine Loan
Investment Amount:
$38 million

The project consists of the ground-up construction of an approximately 396,008 square-foot mixed-use building. The building will include 375 luxury rental apartments (approximately 95 of which will be affordable housing pursuant to the Affordable New York Housing Program’s Section 421-a Real Estate Tax Exemption program), 106 parking spaces, a 14,200 square-foot church facility, and 4,152 square feet of above- grade retail space. term ground lease.

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