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An eyesore for ages, Gravesend project site gets $71M refi

The developer behind a 23-story Gravesend project, which sits on a development site that has remained blighted for over a decade, secured a new financing deal. An entity tied to Thomas Wang’s W&L Group landed $ 71 million for 2300 Cropsey Avenue, property records filed Friday show. The development site, which previously held a nursing home, sits near the Brooklyn waterfront. G4 Capital Partners, which has offices in New York and Roslyn, N.Y., refinanced the developer’s

The Real Deal New York

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