BRP Development Acquires 50-Unit Condo In Bedford-Stuyvesant For $22.5M

Three properties in Bedford-Stuyvesant, located at 27 Albany Avenue, 1577 Fulton Street, and 29 Albany Avenue, have been involved in a closed transaction. The transaction involved a condominium asset consisting of 50 units with a total area of 88,448 square feet. The deal was financed by M&T Bank, providing a loan amount of $22,500,000. The landlord of these properties is BRP Development, represented by Meredith Marshall and Geoff Flournoy.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $22,500,000
• Units: 50
• Square Feet: 88,448
• Address: 27 Albany Avenue, 1577 Fulton Street, 29 Albany Avenue
• Market: Bedford-Stuyvesant

Meredith Marshall and Geoff Flournoy, from BRP Development, played a significant role in this transaction as the landlords of the properties. They ensured the successful completion of the deal.