Property Markets Group Acquires Development Site In Gowanus, Brooklyn For $59.5M Loan

The development site at 495, 498-510 Sackett Street & 267 Bond Street in Gowanus, Brooklyn has been involved in a closed transaction. The property, with a building square footage (BSF) of 490,000, is a development site located in the Gowanus neighborhood of Brooklyn.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $59,500,000
• Address: 495, 498-510 Sackett Street & 267 Bond Street
• Market: Gowanus, Brooklyn
• BSF: 490,000

The loan for this transaction was provided by Maxim Capital Group. Adam Glick, Jason Bordenick, and Josh Greene represented Maxim Capital Group as lenders. The loan amount for the transaction was $59,500,000, and it was a construction loan.

The landlord in this deal was Property Markets Group. Kevin Maloney, Ryan Shear, and Daniel Kaplan represented Property Markets Group as the landlords.