$113 Million Loan Secured By Jonathan Landau And Andy Cohen For 205 Montague Street Development
205 Montague Street
$113,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 8, 2025
AI
The asset involved in this transaction is a development site located at 205 Montague Street in Brooklyn, with a loan amount of $113,000,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $113,000,000
- Lender: Michael Ainbinder & Ran Eliasaf - Northwind Group
- Landlord: Jonathan Landau - Landau Properties; Andy Cohen - Atlas Capital Group & Midtown Equities
- Broker: Raffi Landau - Estreich & Company
- Loan Type: Acquisition
This transaction features key individuals including lenders Michael Ainbinder and Ran Eliasaf of Northwind Group, who facilitated the financing, as well as landlords Jonathan Landau of Landau Properties and Andy Cohen of Atlas Capital Group & Midtown Equities. The broker representing the deal is Raffi Landau from Estreich & Company.
Players
Brooklyn 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93