BFC Partners Close On $250M Construction Loan at 1709 Surf Avenue, Capping Off Transformation of Historic Coney Island Thoroughfare With Third New Building and a Nearly $700M Investment

By PR Newswire 27 Jun, 2025 3 mins read 69 views

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BFC Partners Close On $250M Construction Loan at 1709 Surf Avenue, Capping Off Transformation of Historic Coney Island Thoroughfare With Third New Building and a Nearly $700M Investment

420 Affordable Units at 1709 Surf Avenue Brings the Total New Housing Developed by BFC to Over 1,200 Affordable Homes in Seaside Community

BROOKLYN, N.Y., June 27, 2025 -- BFC Partners today closed on a construction loan for 1709 Surf Avenue, the third and final phase of their three-building project along Surf Avenue in Coney Island, Brooklyn. This final phase will deliver 420 new affordable, residential units, bringing the total across all phases to 1,242 affordable homes to the seaside community and $693,641,513 of investment.

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