Developers took out a $6.2 million loan to build new apartments over retail in Brooklyn’s Greenpoint neighborhood, just one block from a stop on the new NYC Ferry.
“This building will be well-priced compared to nearby high-rise new construction, and will enjoy the benefits of increased retail, entertainment, open space and transportation access,” said Stuart J. Boesky, CEO of Pembrook Capital Management, which originated the loan. The site is also near a new greenway that will stretch along the waterfront to the Brooklyn Bridge Park.
The development partners plan to start construction immediately on a six-story, 21,341-square-foot building with 18 new apartments at 144-146 West St. Work should be finished in 2018.
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