The Brooklyn Tower, built by Michael Stern of JDS Development, is in foreclosure!

JDS Development has defaulted on a $240 million mezzanine loan!

Here's everything you need to know + Let's check out some of the rental units.

00:00 - 00:58 What Happened?
00:58 - 02:07 Building better located on Billionaires Row??
02:08 - 02:45 $750,000,000 to develop the building - loans explained
02:45 - 03:22 How many units are sold? What are the prices?
03:23 - 04:27 Rental Prices
04:30 - 07:02 Apartment Tours (Studio, 1 Bedroom + 2 Bedroom)
07:02 - 07:40 Can 2 people actually live in a Studio??
07:44 - 08:33 We couldn't view the condos...+ sum up


What do you think about the building + foreclosure? Comment below

#brooklyntower #brooklyntowerforeclosure

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