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Debt on Blackstone buildings 47% more than portfolio’s worth: Moody’sDebt on Blackstone buildings 47% more than portfolio’s worth: Moody’sFirst Republic’s resi conundrum: pristine loans, rock-bottom ratesFirst Republic’s resi conundrum: pristine loans, rock-bottom ratesAshkenazy’s lender looks to unload Chelsea space at steep discountAshkenazy’s lender looks to unload Chelsea space at steep discountDistress is coming for Class A officesDistress is coming for Class A offices
New York

East River Partners to redevelop Fort Greene “compound”

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/171-South-Portland-Avenue-Brooklyn-NY-11217/3020040020-0" target="_blank" data-address="171%20South%20Portland%20Avenue%2C%20Brooklyn" data-label="171%20South%20Portland%20Avenue" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F171-South-Portland-Avenue-Brooklyn-NY-11217%2F3020040020-0" data-bbl="3020040020" data-blockValue="02004" data-lotValue="0020" data-zipcode="11217" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="7%2C073" data-lotFront="21.5" data-lotDepth="100" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V0" data-primaryZoning="R6B" data-commercialOverlay="" data-far="2" data-buildable="14%2C146" data-airRights="14%2C146" data-propertyNeighborhood="Fort%20Greene" data-latitude="40.6843977910677" data-longitude="-73.9737431213339" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F171-South-Portland-Avenue-Brooklyn-NY-11217%5C%2F3020040020-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F171-South-Portland-Avenue-Brooklyn-NY-11217%5C%2F3020040020-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">171 South Portland Avenue</a> and East River's Jody Kriss

171 South Portland Avenue and East River's Jody Kriss

Developer East River Partners, which specializes in converting townhouses in Brooklyn, is dabbling in new development with plans for two neighboring four-story residential properties in Fort Greene, Brooklyn.

An 1865 townhouse and a carriage house are located at 164 South Oxford Street, while a garage occupies 171 South Portland Avenue. 

In place of this block-through compound, the project will create 14 residential units, either rentals or condominiums, according to a plan exam application filed yesterday. Flatiron District-based Barry Rice Architects was tapped to serve as architect of record, BuzzBuzzHome reported. The developer paid $7.5 million for the land in October.

An East River-developed townhouse conversion at 397 1st Street in Park Slope sold out last fall, as The Real Deal reported. [BuzzBuzzHome] — Mark Maurer

TRENDING

Debt on Blackstone buildings 47% more than portfolio’s worth: Moody’sDebt on Blackstone buildings 47% more than portfolio’s worth: Moody’sFirst Republic’s resi conundrum: pristine loans, rock-bottom ratesFirst Republic’s resi conundrum: pristine loans, rock-bottom ratesAshkenazy’s lender looks to unload Chelsea space at steep discountAshkenazy’s lender looks to unload Chelsea space at steep discountDistress is coming for Class A officesDistress is coming for Class A offices
New York

East River Partners to redevelop Fort Greene “compound”

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/171-South-Portland-Avenue-Brooklyn-NY-11217/3020040020-0" target="_blank" data-address="171%20South%20Portland%20Avenue%2C%20Brooklyn" data-label="171%20South%20Portland%20Avenue" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F171-South-Portland-Avenue-Brooklyn-NY-11217%2F3020040020-0" data-bbl="3020040020" data-blockValue="02004" data-lotValue="0020" data-zipcode="11217" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="7%2C073" data-lotFront="21.5" data-lotDepth="100" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V0" data-primaryZoning="R6B" data-commercialOverlay="" data-far="2" data-buildable="14%2C146" data-airRights="14%2C146" data-propertyNeighborhood="Fort%20Greene" data-latitude="40.6843977910677" data-longitude="-73.9737431213339" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F171-South-Portland-Avenue-Brooklyn-NY-11217%5C%2F3020040020-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F171-South-Portland-Avenue-Brooklyn-NY-11217%5C%2F3020040020-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">171 South Portland Avenue</a> and East River's Jody Kriss

171 South Portland Avenue and East River's Jody Kriss

Developer East River Partners, which specializes in converting townhouses in Brooklyn, is dabbling in new development with plans for two neighboring four-story residential properties in Fort Greene, Brooklyn.

An 1865 townhouse and a carriage house are located at 164 South Oxford Street, while a garage occupies 171 South Portland Avenue. 

In place of this block-through compound, the project will create 14 residential units, either rentals or condominiums, according to a plan exam application filed yesterday. Flatiron District-based Barry Rice Architects was tapped to serve as architect of record, BuzzBuzzHome reported. The developer paid $7.5 million for the land in October.

An East River-developed townhouse conversion at 397 1st Street in Park Slope sold out last fall, as The Real Deal reported. [BuzzBuzzHome] — Mark Maurer