The property asset involved in this transaction is an athletic field located at 54 Woods Place in Brooklyn. The field spans 11,692 square feet and has been leased on a long-term basis to Success Academy. The acquisition is financed through a loan amount of $1,900,000, which covers 100% of the purchase price.

Summary of transaction details:

• Property Type: Athletic Field
• Transaction Amount: $1,900,000
• Address: 54 Woods Place
• Market: Brooklyn
• Landlords: Andrew Esposito & Chris Karalis - Apex Development Group; Matthew Sprayregen & Zain Koita - Knickpoint Ventures
• Brokers: James Murad & Adam Hakim - Ripco
• Loan Type: Acquisition

A joint venture between Apex Development Group and Knickpoint Ventures executed the acquisition and financing. The financing was facilitated by brokers James Murad and Adam Hakim from RIPCO Real Estate's Debt & Structured Financing division.