A seven-story condo tower is now officially in the cards for Greenpoint, after a developer secured a $21 million loan to build a 73-unit building at 148-150 Green Street. The project will rise on a vacant commercial site and is currently projected to wrap up in 2029.
What’s planned
According to New York Business Journal, the financing will back a new seven-story condominium building with 73 units at 148-150 Green Street. The outlet reports the developer is targeting a 2029 completion date.
Site history and permits
Property records show the site was previously a warehouse on a roughly 17,215-square-foot lot that changed hands in 2017 for about $18 million. A 2020 temporary certificate of occupancy documented a retail conversion at the address, according to PincusCo.
How this fits in Greenpoint’s growth
The loan lines up with a broader run of condominium and mixed-use financing that has kept northern Brooklyn busy. For context, Commercial Observer reported in 2025 that S3 Capital provided an $81 million construction loan for another Greenpoint condo project, a sign of continuing investor appetite in the neighborhood.
What comes next
New York Business Journal noted that sales pricing and any affordability details for the Green Street condos have not been released, and public permits for a new tower have not yet appeared in city records. Before construction can begin, the sponsor still has to file plans with the Department of Buildings and secure the necessary approvals, and the 2029 completion estimate will hinge on how smoothly those steps and broader market conditions play out.
