David Bistricer’s Clipper Equity secured a $95 million construction loan from Bank Hapoalim and BHI for a 226-unit development at the former Sears site at 2359 Bedford Avenue, Brooklyn. This project is part of a larger affordable housing redevelopment that includes 876 units. Bistricer bought the property for $40.3 million two years ago. The new development will have 86 one-bedroom, 68 two-bedroom, and 72 studio units, with 30% being affordable, plus 23,000 square feet of commercial and 10,000 square feet of retail space.
2359 Bedford Avenue
