NEW YORK CITY — A partnership consisting of BEB Capital, Totem / Ailanthus and SK Development has topped out 737 4th Ave, a $143 million mixed-income development in the Sunset Park neighborhood of Brooklyn. Once completed, the building will comprise 193,000 square feet across 14 stories. The property will comprise 187 units.
Of the total unit count, 46 units will be permanently affordable at an average of 48 percent of the area median income. Amenities will include a coworking lounge, fitness center, private dining and entertainment areas, a game and media lounge, tenant storage and a roof garden. The property will also feature 6,200 square feet of ground-floor retail space.
Fifth Avenue Committee, the project’s affordable housing partner, will begin marketing the new units in early 2025. Construction is slated to complete in Fall 2025.