1514 60th Street lands $22M

Overview

A 7-story, 54,148-square-foot mixed-use building planned for 1514 60th Street in Borough Park -- 44,325 square feet of community facility space and 9,823 square feet of commercial space, filed by Joshua Markovics under 1530 60th Member LLC -- picked up construction financing in July 2026. ACRIS records show Ponce Bank recording $27 million in total financing the same day: a $22 million loan agreement and a separate $5 million mortgage, both to 1530 60th LLC, the same ownership family as the building's filer. Permits were filed in May 2024, per New York YIMBY; this is the first confirmation of active capital behind the project.

Per New York YIMBY, the 87-foot-tall building sits between 15th and 16th Avenues, one block north of the 62nd Street D train station. The design includes terraces on the second and fifth floors, a cellar, a 20-foot rear yard, and both open and enclosed parking (2 and 21 spaces respectively). Oleg Ruditser of Engineering Professional Service is the architect of record. Demolition permits had not been filed as of the original report, and no completion date has been announced.

A substantial, real, press-confirmed mixed-use development with construction financing now in place -- entirely absent from Hush Street's current Borough Park registry, a genuine coverage gap.

Parties Involved 2 recorded

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

Property & Project