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Yakup Imir Refinances $10M Loan For 77,000 SF Industrial Building In East New York

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SOLD

New York

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Sold 03/28/2023
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SOLD

Yakup Imir Refinances $10M Loan For 77,000 SF Industrial Building In East New York

1138 Linwood Street

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Sold 03/28/2023
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Summary

NEW YORK
Transaction Type:Sale

Yakup Imir refinanced a $10 million loan for his 77,000-square-foot industrial building located at 1138 Linwood Street, East New York, Brooklyn. The property is situated in the East New York market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,000,000
  • Address: 1138 Linwood Street
  • Market: East New York
  • Square Footage: 77,000

The loan was provided by Provident Bank, with Thomas Spencer representing the bank in the deal. Yakup Imir, the landlord of the property, sought to refinance the loan. It should be noted that the building generated $1.1 million in revenue in 2022.

Details

SOLD
IMAGE: 03/28/2023 ADDRESS: 1138 Linwood Street MARKET: East New York ASSET TYPE: Industrial ~ SF: 77,000 LENDER: Provident Bank - Thomas Spencer LANDLORD: Yakup Imir LOAN AMOUNT: $10,000,000 LOAN TYPE: Refinance NOTE: Yakup Imir refinanced a $10 million loan for his 77,000-square-foot industrial building in East New York, Brooklyn. The property generated $1.1 million in revenue in 2022.

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