Supreme Equities secures construction loan mixed-use residential building

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Supreme Equities recently secured $16 million in construction financing for a new mixed-use residential building in The Bronx’s Allerton neighborhood, reports New York Yimby.

Located at 653-655 Mace Ave., the seven-story building will yield 53 rental apartments, residential amenities, and community facility space on the ground floor.

Designed by J Frankl Associates, the 57,000 sq. ft. property will offer a mix of two- and three-bedroom rentals.

Amenities will include parking accommodations for 27 vehicles, a communal terrace, and possibly more to be announced from Supreme Equities. The ground-floor community space spans approximately 15,000 sq. ft.

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