Popular Bank Provides $22.5M Loan For Development Site In Williamsburg, Brooklyn

Located in Williamsburg, Brooklyn, a development site at 526 Union Avenue has recently closed in a transaction. The property boasts a total square footage of 40,135 and consists of 43 units. The deal was facilitated by Chaim Greenfeld from Eastern Union, representing the buyer or seller in the transaction. Popular Bank provided a loan amount of $22,500,000 for this transaction, ensuring smooth financing for the deal.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,500,000
• BSF: 40,135
• Units: 43

Afshin Dilmanian acted as the landlord for this transaction, while Chaim Greenfeld from Eastern Union represented one of the parties involved. These key individuals and institutions played crucial roles in the successful completion of the deal, contributing to the growth and development of the Williamsburg property market.