facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

New York

/

Development Site

/

Loan

/

130 Saint Felix Street

Updated Apr 21, 2026

Quinlan Development Group Secures $23.5M Acquisition Loan From Mavik Capital For 130 Saint Felix Street
FINANCEDDevelopment Site

Quinlan Development Group Secures $23.5M Acquisition Loan From Mavik Capital For 130 Saint Felix Street

130 Saint Felix Street

$23,500,000

Building Size

—

Asset Type

Development Site

Closing

Apr 7, 2026

About this deal

AI

The transaction involves a development site located at 130 Saint Felix Street in the Fort Greene market of Brooklyn. The acquisition loan closed at $23,500,000 and is associated with a building square footage of 125,190. The asset's funding was secured through a loan from Mavik Capital, and it was previously acquired from Gotham Organization for $17,000,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $23,500,000
  • Address: 130 Saint Felix Street
  • Market: Fort Greene, Brooklyn
  • Building Square Footage: 125,190
  • Lender: Mavik Capital
  • Landlord: Robert C. Quinlan - Quinlan Development Group
  • Previous Owner: Gotham Organization
  • Previous Sale Price: $17,000,000
  • Loan Type: Acquisition

Quinlan Development Group, represented by 130 St. Felix Owner LLC, is involved in this deal, marking a significant step in their planned ground-up development activities at the site. The loan from Mavik Capital Management will facilitate the advancement of their development plans.

On the Map

Open live map

$23,500,000

Development Site

View full map

Players

Mavik Capital
Mavik Capital Lender
Bilt advertisement

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Browse Brooklyn development site loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets