Red Apple lands $130M construction loan for Coney Island resi project

Red Apple lands $130M construction loan for Coney Island resi project

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John Catsimatidis and 3514 Surf Avenue in Coney Island

425-unit development is going up at 3514 Surf Avenue

John Catsimatidis’ Red Apple Group landed a construction loan for its under-development residential project in Coney Island, records filed with the city Monday show.

Bank of America lent the developer $130 million for the 425-unit project at 3514 Surf Avenue, according to records that hit the city’s Department of Finance.



  • New York

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