995 President Street lands $5.35M

Overview

On July 8, 2026, S3 RE Perpetual Yield Funding LLC and Churchill MRA Funding I LLC recorded a $5.35 million mortgage against 995 President Street in Crown Heights, naming 995 President Development, LLC and 995 President LLC as borrowers. New York YIMBY's own permit coverage, published two weeks earlier that June, confirms new filings for a nine-story mixed-use building on the same vacant lot.

The filing calls for an 87-foot-tall, 18,824-square-foot building -- 17,484 square feet of residential space and 1,340 square feet of commercial space -- with 28 residences averaging 624 square feet each, consistent with studio and one-bedroom rentals. The concrete structure will include a cellar and a 47-foot rear yard. Moses Rabinowitz of Residents Group is listed as the owner behind the application; Leandro Nil Dickson Architect is architect of record. Because the lot is vacant, demolition permits aren't expected to be needed.

This 2026 filing is a significant scale-up from a much earlier permit for the same address, filed back in 2019, which had proposed only 11 units at a smaller, 69-foot scale -- read as a revised, larger plan for the same site rather than two separate projects.

Not currently in Hush Street's Crown Heights registry.

Real construction financing, confirmed against a current New York YIMBY permit filing, for a 28-unit building that more than doubles an earlier, much smaller 2019 proposal for the same vacant lot -- a concrete sign the site's development plans have both advanced and grown.

Parties Involved 5 recorded

Counts and combined values are computed from Hush Street’s own published Deal records only. “Combined” is the total value of the transactions a party appears on, not capital deployed by that party, and two parties on the same transaction each reflect its full amount. Not a career or market total.

Marks shown are Hush Street editorial monograms, generated from each party’s recorded name — not official company logos.

Property & Project