Updated Sep 17, 2026
Cheskie Weisz & Yaakov Klein Secure $21.15 Million Loan From BridgeCity Capital For Development Site
1361 & 1363 1st Ave
$21,150,000
$1,321/SF
Building Size
16,000 SF
Asset Type
Development Site
Closing
Sep 8, 2026
About this deal
AI
This property asset is located at 1361 & 1363 1st Avenue in the Upper East Side market. It is a development site with a building size framework (BSF) of 62,250 and a total square footage (SF) of 16,000.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $21,150,000
- Lender: BridgeCity Capital
- Borrower: Cheskie Weisz & Yaakov Klein
- Loan Type: Acquisition
- Date: 09/08/2026
This transaction involves Cheskie Weisz and Yaakov Klein as the borrowers. The financing was provided by BridgeCity Capital, representing a significant capital acquisition for the development site located on 1st Avenue.
On the Map
$21,150,000
$1,321/SF
Development Site
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Players
East Hampton Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93