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JDS Lands Capital to Build Bklyn Condo Tower

NEW YORK CITY—Two lenders stepped up to the plate for the Park Slope property, which also features retail space.

613 Baltic St. Located at 613 Baltic St., the building will be roughly 11 stories, with 50 apartment units, as well as retail space.

NEW YORK CITY—JDS Development has secured $52 million in construction financing for a new apartment condominium building in the Park Slope section of Brooklyn. Located at the 613 Baltic St.—on the corner of Baltic Street and Fourth Avenue—the building will be roughly 11 stories, with 50 apartment units, as well as approximately 5,500 square feet of ground floor retail space. Now under construction, the property is expected to be completed by summer of 2017.

A real estate team at Kasowitz law firm represented JDS. The group was spearheaded by partner Douglas Heitner and it included associates Sara Saylor, Jessica Wald and Christina Congdon. JDS is led by principal Michael Stern.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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