Apex Building Group Secures $103.9M Construction Loan For Development Site On Seaview Ave In East New York, Brooklyn

The development site located at 11655 Seaview Avenue in East New York, Brooklyn, has been involved in a loan transaction. The property has a total buildable square footage (BSF) of 613,818 and is designed for 123 residential units. The loan, provided by the New York State Housing Finance Agency, is for the purpose of construction.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $103,932,165
• Address: 11655 Seaview Avenue
• Market: East New York, Brooklyn
• BSF: 613,818
• Units: 123

Apex Building Group, represented by Lee A. Brathwaite, is the landlord overseeing the development site. The loan amount of $103,932,165 from the New York State Housing Finance Agency will facilitate the construction process.