Yosef Beer And David Goldstein Secure $21.5M Loan For Development Site In Williamsburg

A construction loan of $21,500,000 has been secured for a development site located at 100 Lee Avenue in Williamsburg, Brooklyn. The asset encompasses a total of 38,291 square feet, designated for a 15-unit residential project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $21,500,000
• Address: 100 Lee Avenue
• Market: Williamsburg, Brooklyn
• Lender: Larry Ellman - Broadview Capital
• Landlord: Yosef Beer & David Goldstein
• Loan Type: Construction

Yosef Beer and David Y. Goldstein are the owners behind 100 Lee Development LLC, which is undertaking the construction project at this location, working with Broadview Capital on the financing of the project.