Construction Loan Secured For 644 East 14th Street In Alphabet City, Manhattan

YIMBY

Lionheart Strategic Management LLC, an affiliate of Fisher Brothers, has provided a $27.6 million loan for the construction of 644 East 14th Street, a 24-story residential building in the Alphabet City section of the East Village of Manhattan. The loan comes in addition to a $102 million senior loan that was provided by Apollo Global Management.

644 East 14th Street will yield 196 residences, including 30 affordable units, as well as amenities including a fitness center, rooftop deck, and 1,200 square feet of community space. The property will also feature 2,200 square feet of ground-floor retail space.

The project is being developed by Madison Realty Capital and was designed by Fischer + Makooi Architects. Completion is estimated for August 2025.

“644 East 14th Street is uniquely positioned to support the growing Alphabet City community through the development of high-quality residential, retail and community space,” said Sebastian Post, managing director and co-head of investments at Lionheart Strategic Management. “We’re proud to play a role in financing the project’s development alongside our valued partners and are excited to watch it come to life.”

The nearest subway from 644 East 14th Street is the L train at the 1st Avenue station to the west.