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

Property Image
FINANCED
$113,000,000
Ran Eliasaf
+ 1

New York

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Development Site
Financed 12/09/2025
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Property Image
FINANCED

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

205 Montague Street

See Similar Deals
Development Site
Financed 12/09/2025
Ran Eliasaf
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

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

RL
4 deals$188.4M volume
BROKER

BROKERAGE

Ran Eliasaf
Northwind Group
17 deals$2.2B volume
LENDER

9 deals$1.1B volume
LENDER


Jonathan Landau
8 deals$2B volume
LANDLORD


Details

FINANCED
IMAGE: Ran Eliasaf, Michael Ainbinder, Jonathan Landau, Joseph Cayre, Andy Cohen & Raffi Landau DATE: 12/9/2025 ADDRESS: 205 Montague Street MARKET: Brooklyn ASSET TYPE: Development Site 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 AMOUNT: $113,000,000 LOAN TYPE: Acquisition NOTE FROM LENDER: For any future opportunities, please reach out to [email protected].

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$113,000,000.00

Monthly NOI$753,333.33
Monthly Debt Service$714,236.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00