The $13 million equity contribution will allow for the development of a 62,720 SF, 7-story mixed-use building with 48 luxury condo units and 7,000 SF of retail space, amenities, and parking.
Just a short walk away from the Barclay’s Center, the GKV Architects-designed building will be located in one of Brooklyn’s most desirable neighborhoods.
The client had a two week due diligence period and had to put up a $1MM hard deposit.