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Scott Avram & Jason Halpern Landlords Secure $55 Million Pre Development Loan In Greenwich Village

Property Image
FINANCED
$55,000,000
AJ Bruno
Jason Behfarin
+ 1

New York

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Development Site56,656 SF
Financed 05/01/2026
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Property Image
FINANCED

Scott Avram & Jason Halpern Landlords Secure $55 Million Pre Development Loan In Greenwich Village

113 East 12th Street

See Similar Deals
Development Site56,656 SF
Financed 05/01/2026
AJ Bruno
Jason Behfarin
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$970
Total Square Footage:56,656 SF
Transaction Type:Loan

The asset involved is a development site located at 113 East 12th Street in the Greenwich Village market. The property encompasses a total square footage of 56,656. The transaction pertains to a pre-development loan with a significant amount of $55,000,000, structured for a term of 3 + 1 years.

Summary of transaction details:

This transaction involves key individuals such as Jason Behfarin and Robyn Sorid, representing G4 Capital Partners as the lenders. The landlords in this deal are Scott Avram and Jason Halpern, demonstrating the collaborative efforts among significant players in the real estate market. The brokerage representation is provided by Drew Anderman and AJ Bruno from CBRE, showcasing their role in facilitating the transaction.

Players

Drew Anderman
39 deals$5.2B volume(917) 854-4240
BROKER

AJ Bruno
CBRE
16 deals$2.1B volume(646) 448-1002
BROKER

Jason Behfarin
G4 Capital Partners
8 deals$497.1M volume
LENDER


G4 Capital Partners
LENDER

Details

FINANCED
IMAGE: Jason Behfarin, Robyn Sorid, Scott Avram, Jason Halpern, Drew Anderman & AJ Bruno DATE: 5/1/2026 ADDRESS: 113 East 12th Street MARKET: Greenwich Village ASSET TYPE: Development Site ~ SF: 56,656 LENDER: Jason Behfarin & Robyn Sorid - G4 Capital Partners LANDLORD: Scott Avram & Jason Halpern BROKERS: Drew Anderman (@DrewAnderman) & AJ Bruno (@AJBruno_) - CBRE (@CBRE) LOAN AMOUNT: $55,000,000 LOAN TYPE: Pre development loan LOAN TERMS: 3 + 1 Years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,000,000.00

Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00