Society Brooklyn 517-Unit Development Refinance
Sector: Bridge • Location: New York City, New York, United States
Source: The Real Deal
The Carlyle Group and Property Markets Group refinanced the Society Brooklyn development in Gowanus with a $370 million bridge loan from Brookfield Asset Management. The two-building property includes 517 residential units, split between 385 market-rate and 132 affordable units, along with 57,000 square feet of commercial and retail space. The development features amenities such as bicycle storage
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | The Carlyle Group and Property Markets Group refinanced the Society Brooklyn development in Gowanus with a $370 million bridge loan from Brookfield Asset Management. The two-building property includes 517 residential units, split between 385 market-rate and 132 affordable units, along with 57,000 square feet of commercial and retail space. The development features amenities such as bicycle storage, on-site parking, pool decks, pet washing stations, screening rooms, coworking spaces, fitness centers, yoga studios, and rooftop terraces with Manhattan skyline views. The project was completed by May 2025 to meet the 2026 deadline for the 421a tax abatement program. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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