Westchester-based GDC Properties landed a $52 million loan for a Dumbo rental tower. The property, at 220 Water Street, is a four-story building with 135 apartment units and one commercial unit, according to city data. GDC completed the residential conversion of the building in 2012. It was fully leased nine months after hitting the market. The rental property replaced two loft buildings that were built as a shoe factory in the early 1900s. The lenders […]
source https://therealdeal.com/2018/09/06/gdc-properties-lands-52m-loan-for-dumbo-rental-building/
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