Rose Associates and Benenson Capital Partners obtained financing of $178M from NEW YORK STATE HOUSING FINANCE AGENCY

Rose Associates and Benenson Capital Partners through the entity 210 LIVINGSTON ST. OWNER LLC as borrower signed a loan agreement with lender NEW YORK STATE HOUSING FINANCE AGENCY valued at $178.0 million for 1 parcel, including the tax class office building with ten stories or more (main avenue type) (O3) and containing 368 residential units at 210 Livingston Street in Brooklyn Heights. The deal closed on June 26, 2019 and was recorded on July 17, 2019.
The property contains a total of 352,170 square feet of built space.
The average loan per unit is $483,696.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 368 residential (or hotel) units on March 05, 2018.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $599,850.There has been one new building permit application totaling 319,706 square feet. Those plans include a total of 368 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
Story link.