search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountHousing deal critics spin themselves sillyHousing deal critics spin themselves sillyCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsCharles Cohen’s 750 Lex value slashed by 83%, foreclosure looms
New York

Adam America ramps up development with 7 Brooklyn projects

Buildings across borough are either rentals or condominiums

Brooklyn-based developer Adam America has seven new-building projects in the pipeline in the borough.

The project closest to completion is a 77-unit rental building at 500 Sterling Place. Prices will begin at $2,000 per month. Amenities include private parking spaces, a fitness center and a gaming room. Halstead Property Development Marketing is handling leasing and marketing. 

Sign Up for the undefined Newsletter

Other rental buildings in the works include 247 North 7th Street, with 169 units; 180 Franklin Avenue, with 118 units; 470 Fourth Avenue, with 110 units; and 275 Fourth Avenue, with 78 units. It also has a 74-unit condominium project at 51 Jay Street. 

Omri Sachs and his partners are former principals of Adama Holding Public, a publicly traded development based in Eastern Europe, the New York Daily News reported. Sachs began scouting properties in New York in 2010, and paid $6.8 million for the Sterling Place site two years later. [NYDN] — Mark Maurer

Tags
Adam America Real Estate Group