Croxdale Real Estate Acquires Development Site In Brooklyn, NY For $2.55M

Located at 246 Maple Street in Brooklyn, NY, this development site is a prime investment opportunity in the thriving real estate market. The property is an 8-unit condo development site, offering potential for significant returns. The transaction involved a loan amount of $2,550,000 from Firm Capital, with Eli Dadouch as the lender.

Summary of transaction details:

• Property Type: Development Site – 8 Unit Condo
• Transaction Amount: $2,550,000
• Lender: Firm Capital – Eli Dadouch

Croxdale Real Estate, represented by Nigel Boyden, acted as the developer for this project. Eric Gleitman, from Mercury Capital Markets, played a crucial role as the broker in facilitating this deal. With their expertise and industry knowledge, they ensured the success of this transaction.