facebook
Traded Co logo
Submit

Abe Garbo & Sara Rottenberg Secure $18 Million Construction Loan From Shawn Safdie At 558 Saint Johns Place

Property Image
FINANCED
$18,000,000
Shawn Safdie
AG
Sara Rottenberg

New York

See Similar Deals
Development Site4,000 SF
Financed 12/09/2025
the dealplayerscompscontact
Property Image
FINANCED

Abe Garbo & Sara Rottenberg Secure $18 Million Construction Loan From Shawn Safdie At 558 Saint Johns Place

558 Saint Johns Place

See Similar Deals
Development Site4,000 SF
Financed 12/09/2025
Shawn Safdie
AG
Sara Rottenberg
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$4,500
Total Square Footage:4,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 558 Saint Johns Place in Brooklyn, measuring 6,301 square feet with a building square footage of 38,385. The purchase price was all cash for $7,600,000, equating to $200 per square foot. A construction loan of $18,000,000 has been secured, with construction set to begin next week.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $18,000,000
  • Address: 558 Saint Johns Place
  • Market: Brooklyn
  • Landlord: Abe Garbo & Sara Rottenberg
  • Lender: Shawn Safdie - S3 Capital

Abe Garbo and Sara Rottenberg are the landlords associated with this transaction. Shawn Safdie from S3 Capital is the lender facilitating the construction loan. The landlords expressed their appreciation towards Shawn with a note stating, "We love you Shawn!!!!"

Players

Shawn Safdie
S3 Capital
Shawn Safdie
80 deals$1.8B volume
LENDER
S3 Capital
S3 Capital
LENDER
AG
Abe Garbo
6 deals$44.3M volume
LANDLORD
Sara Rottenberg
Sara Rottenberg
3 deals$23.9M volume
LANDLORD

Details

FINANCED
IMAGE: Abe Garbo & Sara Rottenberg DATE: 12/9/2025 ADDRESS: 558 Saint Johns Place MARKET: Brooklyn ASSET TYPE: Development Site (6,301 SF) ~ BSF: 38,385 LENDER: Shawn Safdie - S3 Capital (@S3Capital) LANDLORD: Abe Garbo (@InvestWithUs.Capital) & Sara Rottenberg (@SaraRottenberg) LOAN AMOUNT: $18,000,000 LOAN TYPE: Construction NOTE FROM LANDLORD: Purchase price all cash: $7.600.000 = $200 per sqft Construction loan: $18.000.000 — Construction will start next week We love you Shawn!!!!

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,000,000.00

Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00