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New York & Tri-State  + Outer Boroughs  + Finance  |  December 19, 2024
Paul Bubny
By: Paul Bubny

Affinius Provides $132M Financing for Brooklyn Luxury Development

Affinius Capital LLC originated a $132-million loan to Goose Property Management to finance the ground-up development of 358 Livingston St., a luxury multifamily asset with 5,000 square feet of ground-floor retail located in Downtown Brooklyn. Henry Bodek of Galaxy Capital arranged the financing.

Perry Katz, Affinius Capital VP, said, “This latest collaboration with Goose Property Management, an experienced NYC-based developer, owner, and operator of class A properties, underscores our sustained commitment to providing construction financing in dynamic submarkets like Brooklyn.”

Opening in late 2027, the 24-story 358 Livingston residential tower will offer 297 studio, one-bedroom, and two-bedroom apartments. Residents will have access to an entire floor dedicated to amenities such as a fitness center complete with a boxing studio and sauna, a dedicated children’s playroom, and a media lounge. For work and leisure, the building offers professional coworking spaces and conference rooms, a private screening room and an outdoor lounge.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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