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menu-item-object-custom menu-item-20338"><a href="/type/infrastructure">Infrastructure</a></li><li id="menu-item-20341" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20339"><a href="/type/manufacturing">Manufacturing</a></li><li id="menu-item-20342" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20339"><a href="/type/mixeduse">Mixed Use</a></li><li id="menu-item-20343" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20340"><a href="/type/office">Office</a></li><li id="menu-item-20344" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20341"><a href="/type/other">Other</a></li><li id="menu-item-20345" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20342"><a href="/type/residential">Residential</a></li><li id="menu-item-20346" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20343"><a href="/type/retail">Retail</a></li><li id="menu-item-20347" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20344"><a href="/type/supertall">Supertall</a></li></ul></li><li id="menu-item-20201" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-20201"><a href="#">Neighborhoods</a><ul class="sub-menu"><li id="menu-item-20204" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-20204"><a href="/neighborhoods/brooklyn">Brooklyn</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Northwestern</a><ul class="sub-menu"><li id="menu-item-20352" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20352"><a href="/neighborhoods/boerum-hill">Boerum Hill</a></li><li id="menu-item-20357" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20357"><a href="/neighborhoods/brooklyn-heights">Brooklyn Heights</a></li><li id="menu-item-20360" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20360"><a href="/neighborhoods/carroll-gardens">Carroll Gardens</a></li><li id="menu-item-20363" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20363"><a href="/neighborhoods/clinton-hill">Clinton Hill</a></li><li id="menu-item-20364" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20364"><a href="/neighborhoods/cobble-hill">Cobble Hill</a></li><li id="menu-item-20370" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20370"><a href="/neighborhoods/dobro-outsidemanhattan">Downtown Brooklyn</a></li><li id="menu-item-20372" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20372"><a href="/neighborhoods/dumbo">DUMBO</a></li><li id="menu-item-20387" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20387"><a href="/neighborhoods/fort-greene">Fort Greene</a></li><li id="menu-item-20390" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20390"><a href="/neighborhoods/gowanus">Gowanus</a></li><li id="menu-item-20394" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20394"><a href="/neighborhoods/greenwood-heights">Greenwood Heights</a></li><li id="menu-item-20429" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20429"><a href="/neighborhoods/park-slope">Park Slope</a></li><li id="menu-item-20432" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20432"><a href="/neighborhoods/prospect-heights">Prospect Heights</a></li><li id="menu-item-20433" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20433"><a href="/neighborhoods/red-hook">Red Hook</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">North & Northeastern</a><ul class="sub-menu"><li id="menu-item-20461" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20461"><a href="/neighborhoods/bedford-stuyvesant-outsidemanhattan">Bedford Stuyvesant</a></li><li id="menu-item-20359" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20359"><a href="/neighborhoods/bushwick">Bushwick</a></li><li id="menu-item-20392" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20392"><a href="/neighborhoods/greenpoint">Greenpoint</a></li><li id="menu-item-20461" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20461"><a href="/neighborhoods/williamsburg">Williamsburg</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Central</a><ul class="sub-menu"><li id="menu-item-20369" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20369"><a href="/neighborhoods/crown-heights">Crown Heights</a></li><li id="menu-item-20375" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20375"><a href="/neighborhoods/east-flatbush">East Flatbush</a></li><li id="menu-item-20382" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20382"><a href="/neighborhoods/flatbush">Flatbush</a></li><li id="menu-item-20403" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20403"><a href="/neighborhoods/kensington">Kensington</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Southwestern</a><ul class="sub-menu"><li id="menu-item-20348" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20348"><a href="/neighborhoods/bay-ridge">Bay Ridge</a></li><li id="menu-item-20351" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20351"><a href="/neighborhoods/bensonhurst">Bensonhurst</a></li><li id="menu-item-20353" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20353"><a href="/neighborhoods/borough-park">Borough Park</a></li><li id="menu-item-20373" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20373"><a href="/neighborhoods/dyker-heights">Dyker Heights</a></li><li id="menu-item-20451" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20451"><a href="/neighborhoods/sunset-park">Sunset Park</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">South & Southeastern</a><ul class="sub-menu"><li id="menu-item-20354" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20354"><a href="/neighborhoods/brighton=beach">Brighton Beach</a></li><li id="menu-item-20367" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20367"><a href="/neighborhoods/coney-island">Coney Island</a></li><li id="menu-item-20398" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20398"><a href="/neighborhoods/homecrest">Homecrest</a></li><li id="menu-item-20408" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20408"><a href="/neighborhoods/manhattan-beach">Manhattan Beach</a></li><li id="menu-item-20414" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20414"><a href="/neighborhoods/midwood">Midwood</a></li><li id="menu-item-20438" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20438"><a href="/neighborhoods/sheepshead-bay">Sheepshead Bay</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Eastern</a><ul class="sub-menu"><li id="menu-item-20358" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20358"><a href="/neighborhoods/brownsville">Brownsville</a></li><li id="menu-item-20376" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20376"><a href="/neighborhoods/east-new-york">East New York</a></li></ul></li></ul></li><li id="menu-item-20205" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-20205"><a href="/neighborhoods/bronx">Bronx</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">NorthWest</a><ul class="sub-menu"><li id="menu-item-20349" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20349"><a href="/neighborhoods/bedford-park">Bedford Park</a></li><li id="menu-item-20350" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20350"><a href="/neighborhoods/belmont">Belmont</a></li><li id="menu-item-20385" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20385"><a href="/neighborhoods/fordham">Fordham</a></li><li id="menu-item-20405" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20405"><a href="/neighborhoods/kingsbridge">Kingsbridge</a></li><li id="menu-item-20416" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20416"><a href="/neighborhoods/norwood">Norwood</a></li><li id="menu-item-20436" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20436"><a href="/neighborhoods/riverdale">Riverdale</a></li><li id="menu-item-20462" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20462"><a href="/neighborhoods/woodlawn">Woodlawn</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">SouthWest</a><ul class="sub-menu"><li id="menu-item-20366" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20366"><a href="/neighborhoods/concourse">Concourse</a></li><li id="menu-item-20368" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20368"><a href="/neighborhoods/crotona-park-east">Crotona Park East</a></li><li id="menu-item-20397" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20397"><a href="/neighborhoods/highbridge">Highbridge</a></li><li id="menu-item-20415" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20415"><a href="/neighborhoods/morrisania">Morrisania</a></li><li id="menu-item-20416" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20416"><a href="/neighborhoods/mott-haven">Mott Haven</a></li><li id="menu-item-20416" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20416"><a href="/neighborhoods/mount-eden">Mount Eden</a></li><li id="menu-item-20441" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20441"><a href="/neighborhoods/south-bronx">South Bronx</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">NorthEast</a><ul class="sub-menu"><li id="menu-item-20374" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20374"><a href="/neighborhoods/east-bronx">East Bronx</a></li><li id="menu-item-20441" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20441"><a href="/neighborhoods/van-nest">Van Nest</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">SouthEast</a><ul class="sub-menu"><li id="menu-item-20362" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20362"><a href="/neighborhoods/clason-point">Clason Point</a></li><li id="menu-item-20430" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20430"><a href="/neighborhoods/parkchester">Parkchester</a></li><li id="menu-item-20431" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20431"><a href="/neighborhoods/pelham-bay">Pelham Bay</a></li><li id="menu-item-20440" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20440"><a href="/neighborhoods/soundview">Soundview</a></li><li id="menu-item-20441" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20441"><a href="/neighborhoods/south-bronx">South Bronx</a></li></ul></li></ul></li><li id="menu-item-20425" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-20425"><a href="#">Manhattan</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Uptown</a><ul class="sub-menu"><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/uptown">Uptown</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/harlem">Harlem</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/uppereastside">Upper East Side</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/upperwestside">Upper West Side</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/washington-heights">Washington Heights</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Midtown</a><ul class="sub-menu"><li id="menu-item-20346" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20346"><a href="/neighborhoods/57thstreet">57th Street</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/midtowneast">Midtown East</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/midtownsouth">Midtown South</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/midtownwest">Midtown West</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/murrayhill">Murray Hill</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/timessquare">Times Square</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Midtown-Downtown</a><ul class="sub-menu"><li id="menu-item-20361" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20361"><a href="/neighborhoods/chelsea">Chelsea</a></li><li id="menu-item-20383" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20383"><a href="/neighborhoods/flatiron">Flatiron</a></li><li id="menu-item-20391" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20391"><a href="/neighborhoods/gramercy">Gramercy</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Downtown</a><ul class="sub-menu"><li id="menu-item-20371" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20371"><a href="/neighborhoods/downtown">Downtown</a></li><li id="menu-item-20377" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20377"><a href="/neighborhoods/east-village">East Village</a></li><li id="menu-item-20381" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20381"><a href="/neighborhoods/fidi-downtown">Financial District</a></li><li id="menu-item-20393" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20393"><a href="/neighborhoods/greenwichvillage">Greenwich Village</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/hudson-square">Hudson Square</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/lowereastside">Lower East Side</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/meatpacking-downtown">Meatpacking</a></li><li id="menu-item-20439" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20439"><a href="/neighborhoods/soho">SoHo</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/tribeca">TriBeCa</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/west-village">West Village</a></li></ul></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a href="#">Queens</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Northwestern</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/astoria">Astoria</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/north-corona">North Corona</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/elmhurst">Elmhurst</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/forest-hills">Forest Hills</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/glendale">Glendale</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/jackson-heights">Jackson Heights</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/long-island-city">Long Island City</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/rego-park">Rego Park</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/ridgewood">Ridgewood</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Northeastern</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/college-point">College Point</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/flushing">Flushing</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/murray-hill">Murray Hill</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/fresh-meadows">Fresh Meadows</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Southwestern</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/richmond-hill">Richmond Hill</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Southeastern</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/jamaica">Jamaica</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/south-jamaica">South Jamaica</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">The Rockaways</a><ul 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clearfix"><h1 class="post-title entry-title p-name">Developers Secure $55M Loan for 159 Boerum Street in East Williamsburg, Brooklyn</h1></header><div class="entry-thumbnail"> <img width="777" height="1064" src="https://newyorkyimby.com/wp-content/uploads/2023/01/Rendering-of-159-Boerum-Street-Aufgang-Architects-777x1064.jpg" class="u-photo wp-post-image" alt="Rendering of 159 Boerum Street - Aufgang Architects" decoding="async" fetchpriority="high" srcset="https://newyorkyimby.com/wp-content/uploads/2023/01/Rendering-of-159-Boerum-Street-Aufgang-Architects-777x1064.jpg 777w, https://newyorkyimby.com/wp-content/uploads/2023/01/Rendering-of-159-Boerum-Street-Aufgang-Architects-747x1024.jpg 747w, https://newyorkyimby.com/wp-content/uploads/2023/01/Rendering-of-159-Boerum-Street-Aufgang-Architects-768x1052.jpg 768w, https://newyorkyimby.com/wp-content/uploads/2023/01/Rendering-of-159-Boerum-Street-Aufgang-Architects-260x356.jpg 260w, https://newyorkyimby.com/wp-content/uploads/2023/01/Rendering-of-159-Boerum-Street-Aufgang-Architects.jpg 800w" sizes="(max-width: 777px) 100vw, 777px" /><span class="wp-caption-text">Rendering of 159 Boerum Street - Aufgang Architects</span></div><p class="entry-meta"> <span class="entry-meta-author vcard author">By: <a rel="author" class="fn p-author h-card"" href="https://newyorkyimby.com/author/sebastianmorris">Sebastian Morris</a></span> 7:00 am<span class="entry-meta-date updated dt-published"></span> <span class="entry-meta-date updated dt-published"> on January 10, 2023</span></p><div class="entry-content e-content clearfix"><p><a href="https://newyorkyimby.com/category/slate-property-group">Slate Property Group</a> and Avenue Realty Capital have closed on a $55 million loan to complete a 19-story residential building at 159 Boerum Street in <a href="https://newyorkyimby.com/category/east-williamsburg">East Williamsburg</a>, Brooklyn. Designed by <a href="https://newyorkyimby.com/category/aufgang-architects">Aufgang Architects</a>, the 80,000-square-foot structure will yield 120 units, with 19 reserved for affordable housing. Amenities will include a fitness center, a roof deck, a parking garage, and bike storage. The property is located between Graham Avenue and Humboldt Street.</p><p>The rendering in the main photo shows the façade composed of tan brick framing a conventional punched window system. Setbacks above the 11th and 15th floors will make way for large outdoor terraces.</p><p>“After successfully delivering our first ground-up rental project at 222 Johnson Street around the corner, which is now fully leased, we’re excited to expand our footprint in this prime area of New York City,” Martin Nussbaum, co-founder and principal of Slate Property Group, said in a statement. “Receiving financing from White Oak Real Estate Capital will allow us to bring 159 Boerum Street to life alongside our partner, Avenue Realty Capital.”</p><p>The project team has not announced an anticipated date of completion.</p><p> <a href="http://eepurl.com/c7JhDj"><strong>Subscribe</strong></a> to YIMBY’s daily e-mail<br /> <br /> <a href="https://instagram.com/yimbygram" target="_blank" rel="noopener noreferrer"><strong>Follow</strong></a> YIMBYgram for real-time photo updates<br /> <a href="https://www.facebook.com/YIMBYFB"><strong>Like</strong></a> YIMBY on Facebook<br /> <a href="https://twitter.com/yimbytweets" target="_blank" rel="noopener noreferrer"><strong>Follow</strong></a> YIMBY’s Twitter for the latest in YIMBYnews</p><nav class="breadcrumb"><span>Uncategorized</span></nav></div></article><div class="mh-share-buttons mh-group"><div class="mh-col mh-1-4 mh-facebook"> <a href="#" onclick="window.open('//www.facebook.com/sharer.php?u=https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html&t=Developers Secure $55M Loan for 159 Boerum Street in East Williamsburg, Brooklyn', 'facebookShare', 'width=626,height=436'); return false;" title="Share on Facebook"><span class="mh-share-button"><i class="fa fa-facebook fa-2x"></i>SHARE</span></a></div><div class="mh-col mh-1-4 mh-twitter"> <a href="#" onclick="window.open('//twitter.com/share?text=Developers Secure $55M Loan for 159 Boerum Street in East Williamsburg, Brooklyn -&url=https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html', 'twitterShare', 'width=626,height=436'); return false;" title="Tweet This Post"><span class="mh-share-button"><i class="fa fa-twitter fa-2x"></i>TWEET</span></a></div><div class="mh-col mh-1-4 mh-reddit"> <a href="#" onclick="window.open('//reddit.com/submit?url=https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html&title=Developers Secure $55M Loan for 159 Boerum Street in East Williamsburg, Brooklyn', 'redditShare', 'width=750,height=350'); return false;" title="Reddit This Post"><span class="mh-share-button"><i class="fa fa-reddit fa-2x"></i>SHARE</span></a></div><div class="mh-col mh-1-4 mh-googleplus"> <a href="#" onclick="window.open('https://plusone.google.com/_/+1/confirm?hl=en-US&url=https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html', 'googleShare', 'width=626,height=436'); return false;" title="Share on Google+" target="_blank"><span class="mh-share-button"><i class="fa fa-google-plus fa-2x"></i>SHARE</span></a></div></div><nav class="post-nav-wrap" role="navigation"><ul class="post-nav clearfix"><li class="post-nav-prev"> <a href="https://newyorkyimby.com/2023/01/permits-filed-for-2039-westchester-avenue-in-parkchester-the-bronx.html" rel="prev"><i class="fa fa-chevron-left"></i>Previous post</a></li><li class="post-nav-next"> <a href="https://newyorkyimby.com/2023/01/north-brooklyn-community-boathouse-rises-at-51-ash-street-in-greenpoint-brooklyn.html" rel="next">Next post<i class="fa fa-chevron-right"></i></a></li></ul></nav> . <div class="comments-wrap"><h4 class="comment-section-title"><span class="comment-count">3 Comments</span> <span class="comment-count-more">on "Developers Secure $55M Loan for 159 Boerum Street in East Williamsburg, Brooklyn"</span></h4><ol class="commentlist"><li class="comment even thread-even depth-1" id="li-comment-484331"><div id="comment-484331"><div class="vcard meta"> David in Bushwick | <a href="https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html#comment-484331">January 10, 2023 at 10:35 am</a> | <a rel='nofollow' class='comment-reply-link' href='https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html?replytocom=484331#respond' data-commentid="484331" data-postid="1927326" data-belowelement="comment-484331" data-respondelement="respond" data-replyto="Reply to David in Bushwick" aria-label='Reply to David in Bushwick'>Reply</a></div><div class="comment-text"><p>Wow! There goes the neighborhood. It’s a decent, simple design.<br /> I’m surprised something this tall is allowed here. Most high-rises in these areas seem to be capped at 12 or 13 floors.</p></div></div><ul class="children"><li class="comment odd alt depth-2" id="li-comment-484449"><div id="comment-484449"><div class="vcard meta"> Kevin | <a href="https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html#comment-484449">January 10, 2023 at 5:56 pm</a> | <a rel='nofollow' class='comment-reply-link' href='https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html?replytocom=484449#respond' data-commentid="484449" data-postid="1927326" data-belowelement="comment-484449" data-respondelement="respond" data-replyto="Reply to Kevin" aria-label='Reply to Kevin'>Reply</a></div><div class="comment-text"><p>That’s true, this thing is going to really stand out if nothing else gets built at the same height for the next several years</p></div></div></li></ul></li><li class="comment even thread-odd thread-alt depth-1" id="li-comment-484370"><div id="comment-484370"><div class="vcard meta"> Wanita alison-konteh | <a href="https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html#comment-484370">January 10, 2023 at 12:48 pm</a> | <a rel='nofollow' class='comment-reply-link' href='https://newyorkyimby.com/2023/01/developers-secure-55m-loan-for-159-boerum-street-in-east-williamsburg-brooklyn.html?replytocom=484370#respond' data-commentid="484370" data-postid="1927326" data-belowelement="comment-484370" data-respondelement="respond" data-replyto="Reply to Wanita alison-konteh" aria-label='Reply to Wanita alison-konteh'>Reply</a></div><div class="comment-text"><p>Wanita Alison-konteh I’m a senior citizen with is disability looking for an apartment</p></div></div></li></ol></div><div id="respond" class="comment-respond"><h3 id="reply-title" class="comment-reply-title">Leave a comment <small><a rel="nofollow" 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180px" /></a></div><p class="entry-meta"><span>February 24, 2025</span></p><h3 class="content-grid-title"><a class="u-url" href="https://newyorkyimby.com/2025/02/permits-filed-for-910-east-167th-street-in-longwood-the-bronx.html" title="Permits Filed for 910 East 167th Street in Longwood, The Bronx" rel="bookmark">Permits Filed for 910 East 167th Street in Longwood, The Bronx</a></h3></article><hr class="mh-separator content-grid-separator"></div> </div></div><div class="alm-btn-wrap" data-rel="ajax-load-more"><button class="alm-load-more-btn more " type="button">Load More</button></div></div></div> <aside class="mh-sidebar"><div class="sb-widget clearfix"><div class="textwidget"><p><a href="https://www.pcrichard.com/builders-division.html" target="_blank" rel="noopener"><img decoding="async" loading="lazy" class="aligncenter wp-image-1845179 size-full" src="https://newyorkyimby.com/wp-content/uploads/2025/01/PCR_Bertazonni_Urban_YIMB_336x280.jpg" alt="" width="336" height="280" 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