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Bank Leumi Provides $72M Loan For Condominium At 510 Driggs Avenue, Williamsburg, Brooklyn

510 Driggs Avenue
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This Condo property located in NY received a loan of $72,000,000 over 4 years ago. The brokers of the deal were Alex Bailkin, Morris Betesh, and Justin Boruchov

The property involved in this closed transaction is a condominium located at 510 Driggs Avenue in Williamsburg, Brooklyn. The transaction took place on 11/11/2019. The property is owned by Northlink Capital, with the loan provided by Bank Leumi. The total loan amount for this transaction was $72,000,000.

Summary of transaction details

  • Property Type: Condominium
  • Transaction Amount: $72,000,000
  • Market: Williamsburg, Brooklyn

The brokers involved in this deal were Morris Betesh, Justin Boruchov, and Alex Bailkin from @Meridian.Capital.Group.

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Deals
  • Location
    510 Driggs Ave, Brooklyn, NY 11211, USA510 Driggs Ave, Brooklyn, NY 11211, USA
  • Loan Value
    $72,000,000$72,000,000
  • Asset Type
    CondoCondo
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Morris Betesh

Morris Betesh

Deals82
Financed$5.3B

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2341
Volume$65.3B

Deal Summary

IMAGE: Morris Betesh, Justin Boruchov & Alex Bailkin DATE: 11/11/2019 ADDRESS: 510 Driggs Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Condominium LENDER: Bank Leumi LANDLORD: Northlink Capital BROKERS: @Meridian.Capital.Group – Morris Betesh, Justin Boruchov & Alex Bailkin LOAN AMOUNT: $72,000,000

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510 Driggs Avenue

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