F&N Represents Developer in $3M Initial Offering
Farkas & Neurman, PLLC represented Flushing Avenue Partners, LLC in connection with its $3 million initial offering. The proceeds of the offering are to be used to purchase parcels in the emerging neighborhood of Flushing in Brooklyn with the intent to rezone the parcels and develop them with large, luxury residential units in this fast growing area. The offering consisted of the sale of LLC interests to accredited investors in a Rule 506 offering. The transaction closed in June 2014.