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Yosef Beer And David Goldstein Secure $21.5M Loan For Development Site In Williamsburg
FINANCED
$21,500,000
New York
See Similar DealsDevelopment Site
Financed 10/21/2025
FINANCED
Yosef Beer And David Goldstein Secure $21.5M Loan For Development Site In Williamsburg
100 Lee Avenue
See Similar DealsDevelopment Site
Financed 10/21/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,500,000.00
Monthly NOI$143,333.33
Monthly Debt Service$135,894.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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