Slate, Adam America land $41M loan for Park Slope rental

Slate Property Group and Adam America Real Estate pulled off a $40.9 million construction loan from Santander Bank for their 130-unit Park Slope rental project at 541 Fourth Avenue. The partners bought the site for $26.5 million, or about $200 per buildable square foot, in June. The property’s sellers, Anshel Friedman and Aaron Karpen, had […]

Muss, Bedrock buy Clinton Hill rental for $67 million

180 Franklin Ave in Clinton Hill (inset: Joshua Muss) Muss Development and Bedrock Real Estate Partners bought a recently completed Clinton Hill rental building from Adam America Real Estate for $66.5 million. Adam America began construction of the 118-room, 80,000-square-foot building in 2014. It currently has several active listings with asking rents ranging from $2,169 […]