Martin Nussbaum & David Schwartz Secure $62M Loan For Condo Development In Clinton Hill

Located in Clinton Hill, the property at 325 Lafayette Avenue is a condominium with 116 units. Spanning over 119,951 square feet, this condo offers a desirable living space in a vibrant market.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $62,000,000
• Address: 325 Lafayette Avenue
• Market: Clinton Hill
• Units: 116

In this transaction, Cerberus Capital Management provided a loan amount of $62,000,000 to facilitate the purchase. The landlords of the property are Martin Nussbaum and David Schwartz, representing latePropertyGroup.