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Brooklyn Apartment Project Lands $109 Million Construction Loan

Financing Comes As New York’s Vacancy Rate Hits Lowest Level on Record
The Brooklyn, New York, apartment project at 1034-1042 Atlantic Ave. landed a $109 million construction loan. (Walker & Dunlop)
The Brooklyn, New York, apartment project at 1034-1042 Atlantic Ave. landed a $109 million construction loan. (Walker & Dunlop)
CoStar News
March 19, 2024 | 8:46 P.M.

Real estate financing firm Walker & Dunlop has secured funding for a new multifamily development along Atlantic Avenue in Brooklyn’s Prospect Heights neighborhood that will bring hundreds of units to a former industrial site as the city grapples with historically low vacancy rates.

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