Steven Jemal & Robert Schwartz Acquire Development Site In Bedford-Stuyvesant For $2.8M

An undisclosed development site located at 525 Willoughby Avenue in Bedford-Stuyvesant, Brooklyn has been involved in a closed property transaction. The market value of the site is undisclosed, but it is classified as a development site with a zoning designation of R6A. The site has a buildable square footage (BSF) of 8,775. The lender involved in the transaction is @S3Capital, represented by Robert Schwartz and Steven Jemal.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $2,800,000
• Address: 525 Willoughby Avenue
• Market: Bedford-Stuyvesant, Brooklyn
• Zoning: R6A
• BSF: 8,775
• Lender: @S3Capital (Robert Schwartz, Steven Jemal)
• Landlord: Irving Langer

The loan amount for the acquisition and construction of the subject property is $2,800,000. S3Capital, the lender, not only provided the loan but also sold the property. The details regarding any other parties involved or additional terms of the loan have not been disclosed in the available information.