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205 Montague Street

$113 Million Loan Secured By Jonathan Landau And Andy Cohen For 205 Montague Street Development
FINANCEDDevelopment Site

$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

Raffi Landau

Estreich and Company

Broker

$188.4M

vol

4 deals

Broker
Estreich & Company
Estreich & CompanyBrokerage

Ran Eliasaf

Northwind Group

Lender

$2.2B

vol

17 deals

Lender
Northwind Group
Northwind GroupLender
Jonathan Landau

Jonathan Landau

Landlord

$2B

vol

8 deals

Landlord
Atlas Capital Group
Atlas Capital GroupLandlord

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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