Updated Aug 24, 2026
Guido Subotovsky Of Azimuth Development Group Secures $17.5 Million Loan For School Development In Sunset Park
4001 4th Avenue
$17,500,000
$9,408/SF
Building Size
1,860 SF
Asset Type
Development Site
Closing
Aug 6, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 4001 4th Avenue, Sunset Park, Brooklyn. It features a total square footage of 1,860 and a buildable square footage (BSF) of 36,756. The transaction was facilitated through a construction loan amounting to $17,500,000, secured by Azimuth Development Group.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $17,500,000
- Lender: Broadview Capital
- Landlord: Guido Subotovsky - Azimuth Development Group
- Market: Sunset Park, Brooklyn
- Asset Square Footage: 1,860
- Asset Buildable Square Footage: 36,756
Guido Subotovsky represented Azimuth Development Group in the transaction, while Broadview Capital provided the construction loan for the planned school development on the site. Shie Lefkovits was also involved in securing the financing for this project.
On the Map
$17,500,000
$9,408/SF
Development Site
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Players
Nunda 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93