Property Markets Group Secures $59.5M Construction Loan For Gowanus Development Site

495, 498-510 Sackett Street & 267 Bond Street, a development site located in Gowanus, Brooklyn, has been involved in a recent closed transaction. The site has a buildable square footage (BSF) of 490,000, making it an attractive investment opportunity in the area.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $59,500,000
• Location: 495, 498-510 Sackett Street & 267 Bond Street, Gowanus, Brooklyn
• Market: Gowanus, Brooklyn
• Lender: Maxim Capital Group - Adam Glick, Jason Bordenick & Josh Greene
• Landlord: Property Markets Group - Kevin Maloney, Ryan Shear & Daniel Kaplan
• Loan Type: Construction

The transaction involved Maxim Capital Group as the lender, represented by Adam Glick, Jason Bordenick, and Josh Greene. The landlord in this deal was Property Markets Group, with Kevin Maloney, Ryan Shear, and Daniel Kaplan representing their interests.