Rivky Brach, through 3547 Webster Tower LLC, secured a $31 million construction loan from BridgeCity Capital for two properties at 3547 and 3551 Webster Avenue in Norwood, Bronx. The loan will fund a 123-unit, 87,765-square-foot residential building project. The project, submitted by Yoel Landau, is part of a broader development effort in Norwood, where 48% of the 17.8 million square feet of commercial space consists of elevator buildings.
3551 Webster Avenue in Norwood, Bronx
