Updated Nov 8, 2026
Chaim Simkowitz Of Guardian Realty Management Secures $22.5M Construction Loan From Broadview Capital
1461 53rd Street & 1457 53rd Street
$22,500,000
Building Size
—
Asset Type
Development Site
Closing
Oct 26, 2026
About this deal
AI
The property asset involved in the transaction comprises two adjacent development sites located at 1457 and 1461 53rd Street in Borough Park, Brooklyn. The construction loan secured amounts to $22,500,000, designated for development purposes on these sites.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $22,500,000
- Lender: Broadview Capital
- Landlord: Chaim Simkowitz - Guardian Realty Management
- Loan Type: Construction
- Addresses: 1461 53rd Street & 1457 53rd Street
- Market: Borough Park, Brooklyn
Chaim Simkowitz, representing Guardian Realty Management, played a key role in securing the construction loan from Broadview Capital for the two development sites. This transaction highlights the engagement between a prominent lender and a management company focused on real estate development in Brooklyn.
On the Map
$22,500,000
Development Site
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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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93