(To read more on the multifamily market, click here.)
(To read more on the debt and equity markets, click here.)
BROOKLYN, NY-Berkshire Capital will convert the former Verizon Building here at 7 Metro Tech Center into condos. The firm secured a $165-million financing package to complete the 244-unit project.
The 27-story, 509,000-sf Art Deco site was recently rezoned. The building will have a mix of studios, one-, two- and three-bedroom residences, along with 34,758 sf of retail in Downtown Brooklyn. Amenities will include a 24-hour concierge and fitness center.
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