Ahmad Jawid Of Golden East Investors Purchases $53.5M Note From Paul Singer Of Elliott Investment Management

The transaction involved a note and loan secured by three industrial and specialty properties located in Brooklyn and Queens, specifically including John Quadrozzi Jr.’s building at 685 Columbia Street and another site at 73-02 Amstel Boulevard. The properties are situated in the Arverne market. The loan amount for the transaction was $53,500,000.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $53,500,000
• Buyer: Ahmad Jawid - Golden East Investors
• Seller: Paul Singer - Elliott Investment Management
• Loan Amount: $53,500,000

Ahmad Jawid represented Golden East Investors in the deal, while Paul Singer represented Elliott Investment Management. The transaction was facilitated through Northeast Bank.