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Residential Development in Brooklyn Lands Financing as Area Rent Reaches New Highs

Development Will Be One of the Last to Qualify for Expired Tax Exemption Program
Douglaston Development’s 456-unit rental development at 1057 Atlantic Ave., depicted in a rendering, has landed financing. (Douglaston)
Douglaston Development’s 456-unit rental development at 1057 Atlantic Ave., depicted in a rendering, has landed financing. (Douglaston)
CoStar News
June 2, 2023 | 7:53 P.M.

A $320 million, 456-unit mixed-use residential rental development in Brooklyn has landed financing as rents in the New York borough reach record highs.

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