When we saw this home - with its east-west exposures and windows that could be seen on both sides - we were immediately sold. It was the third house we looked at, and we were so lucky the owner accepted our offer. It was a very competitive moment for home sales in the neighborhood, and the fact we were able to make it happen felt like a dream.
BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.
Brooklyn is known for brownstones, churches and - in recent years - lots of rental apartment construction. When combined, Brooklyn and Queens became a larger rental market than Manhattan in 2025, with Kings County's busy developers at the tip of the spear. The data comes from StreetEasy's most recent market report, which compiled the top 10 New York City neighborhoods for new rental construction. Powerhouse Brooklyn took seven out of 10 slots.