Updated Nov 11, 2025
Erez Britt & Haim Dadi Of Golden Bridge Funding Provide $9 Million Loan For Development Site In Brooklyn
486 Flushing Avenue
$9,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 11, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 486 Flushing Avenue in Brooklyn. The loan amount for this property is $9,000,000, structured as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Lender: Erez Britt & Haim Dadi - Golden Bridge Funding
- Landlord: Isaschar Goldstein
- Broker: Jacob Zicherman
- Loan Date: 9/12/2025
Key individuals in this transaction include Erez Britt and Haim Dadi, who represent Golden Bridge Funding in the lending aspect, while Jacob Zicherman acts as the broker facilitating the deal. Isaschar Goldstein is the landlord associated with this loan agreement.
On the Map
$9,000,000
Development Site
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Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93