Updated Mar 6, 2026
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $15,000,000
- Lender: Elijah Zuckerman, Charlie Brosens & Bean - Urban Standard Capital
- Broker: Alex Leykind - Equitas Capital Group
- Loan Type: Construction
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.
On the Map
$15,000,000
Development Site
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Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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