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Development Site

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150 Green Street

Updated Jul 6, 2026

Bilt advertisement
Northwind Group Provides $21,000,000 Acquisition Loan For Development Site At 150 Green Street
FINANCEDDevelopment Site

Northwind Group Provides $21,000,000 Acquisition Loan For Development Site At 150 Green Street

150 Green Street

$20,600,000

Building Size

Asset Type

Development Site

Closing

Jun 29, 2026

About this deal

AI

The asset involved in this transaction is a development site located at 150 Green Street in Brooklyn. The loan amount for this acquisition is $21,000,000, facilitated by the lender, Northwind Group. The property is intended for developmental purposes, although specific characteristics beyond its intended use are not detailed.

Summary of transaction details:

Key individuals involved in this transaction include Ran Eliasaf and Michael Ainbinder. They represent the parties in this deal, connecting the lender with the landlord effectively to finalize the acquisition loan.

Players

Northwind Group
Northwind GroupLender

Ran Eliasaf

Originator

$2.3B

vol

18 deals

Originator

Market 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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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