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820 Bergen Street

Elijah Zuckerman, Charlie Brosens & Bean Of Urban Standard Capital Provides $15M Loan For Development Site In Brooklyn
FINANCEDDevelopment Site

Elijah Zuckerman, Charlie Brosens & Bean Of Urban Standard Capital Provides $15M Loan For Development Site In Brooklyn

820 Bergen Street

$15,000,000

Building Size

Asset Type

Development Site

Closing

Feb 25, 2026

AI

The asset involved in this transaction is a development site located at 820 Bergen Street in the Brooklyn market. The loan amount for this project totals $15,000,000, categorized as a construction loan.

Summary of transaction details:

The deal features key individuals including lenders Elijah Zuckerman, Charlie Brosens, and Bean from Urban Standard Capital, who provide tailored financing solutions for residential projects nationwide. The transaction was facilitated by broker Alex Leykind representing Equitas Capital Group.

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker
Urban Standard Capital
Urban Standard CapitalLender
Charlie Brosens

Charlie Brosens

Urban Standard Capital

Originator

$484.4M

vol

32 deals

Originator

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93