Green Street Group Refinances Greenwood Heights Development Site For $17M

A development site located at 276-280 20th Street in Greenwood Heights, Brooklyn, has recently been refinanced. The property, owned by Green Street Group and represented by Derek Greenberg, consists of a development site with a total of 20 units. The loan for this transaction was provided by Bankwell Bank and facilitated by Michael Sulkis, with a loan amount of $17,000,000.

Summary of transation details

• Property Type: Development site
• Transaction Amount: $17,000,000
• Address: 276-280 20th Street
• Market: Greenwood Heights, Brooklyn
• Units: 20
• Lender: Bankwell Bank - Michael Sulkis
• Landlord: Green Street Group - Derek Greenberg
• Loan Type: Refinance

The financing deal was facilitated by Michael Sulkis of Bankwell Bank, who worked closely with the property owner and representative, Derek Greenberg of Green Street Group, to secure the refinancing loan. This transaction demonstrates the continuing activity and investment in the real estate market in Greenwood Heights, Brooklyn.