Ekstein Development Acquires Development Site In Bushwick, Brooklyn For $11.3M

A development site located at 1333 Broadway in Bushwick, Brooklyn has been involved in a closed property transaction. The property, with a total square footage of 98,200, was acquired through a land loan worth $11,300,000. The transaction took place on 12/06/2019, and S3 Capital Partners provided the loan. The landlord of the property is Erik Ekstein, who is associated with Ekstein Development. The deal was facilitated by Peter Rotchford, Christopher Peck, and Rob Hinckley from JLL.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,300,000
• BSF: 98,200
• Lender: S3 Capital Partners
• Landlord: Erik Ekstein – Ekstein Development
• Brokers: Peter Rotchford, Christopher Peck, Rob Hinckley from JLL

The deal involved a development site located at 1333 Broadway in Bushwick, Brooklyn. The loan of $11,300,000 was provided by S3 Capital Partners for the acquisition of the property. Erik Ekstein, representing Ekstein Development, is the landlord of the site. Throughout the transaction, Peter Rotchford, Christopher Peck, and Rob Hinckley from JLL acted as brokers.