Goldman Sachs reportedly buying Brooklyn Bridge Park building for $90M
The landing was developed to help finance the park
Goldman Sachs’s real estate fund is reportedly in contract to buy The Landing, a 15-story rental building developed several years ago as part of Brooklyn Bridge Park, for $90 million.
The famed investment firm is slated to buy the 140-unit building from RAL Companies and China Vanke, according to The Real Deal.
Seventy percent of the building’s apartments, as opposed to 30 percent, are affordable, according to the real estate publication. However, it benefits from a 35-year tax break under a PILOT tax abatement program.
Brooklyn Boro
View MoreNew York City’s most populous borough, Brooklyn, is home to nearly 2.6 million residents. If Brooklyn were an independent city it would be the fourth largest city in the United States. While Brooklyn has become the epitome of ‘cool and hip’ in recent years, for those that were born here, raised families here and improved communities over the years, Brooklyn has never been ‘uncool’.