The development site located at 437 88th St. in Bay Ridge has recently undergone a closed transaction. The property, with a total square footage of 38,000, was involved in a construction loan deal.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,300,000
• Lender: The Dime Community Bank
• Landlord: Allied Properties
• Brokers: AJ Felberbaum, Jay Miller & Jeff Horowitz – Cooper Horowitz

The key individuals and companies involved in this transaction include AJ Felberbaum, Jay Miller, and Jeff Horowitz from Cooper Horowitz, who served as brokers. The loan amount of $12,300,000 was provided by The Dime Community Bank, and the property is owned by Allied Properties. No further information was available regarding this closed deal.