Updated Feb 2, 2026
Chaim Simkowitz Of Guardian Realty Management Secures $6M Acquisition Loan From Broadview Capital In Brooklyn
1457 53rd Street
$6,000,000
$1,766/SF
Building Size
3,396 SF
Asset Type
Development Site
Closing
Jan 14, 2026
About this deal
AI
The assets involved in this transaction are development sites located at 1457 and 1461 53rd Street in Borough Park, Brooklyn. The total building square footage is 3,396, and the development site encompasses a total of 21,298 buildable square feet. The loan amount for this acquisition is $6,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 1461 53rd Street & 1457 53rd Street
- Market: Borough Park, Brooklyn
- Lender: Broadview Capital
- Landlord: Chaim Simkowitz - Guardian Realty Management
- Loan Type: Acquisition
Guardian Realty Management, through Center BP 2 LLC, participated in securing the acquisition loan from Broadview Capital specifically for the development site situated at the mentioned addresses in Brooklyn.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93