1508 Coney Island Avenue
Developer Obtains $92M Loan for Midwood Commercial Project
Developer, , has just received a $92 million loan for a 10-story commercial project at 1508 Coney Island Avenue in Midwood, Brooklyn. With construction already underway and around 35% complete, this influx of capital, issued by Parkview Financial, will see the build to the finish.
In addition, the structure will boast square feet of retail space, spanning the cellar level, the entire first floor, and parts of floors 2 and 3. Plans also call for an enclosed (and automated) parking garage with enough room for 267 vehicles.