Updated Dec 22, 2025
Ahmad Jawid Of Golden East Investors Purchases $53.5M Note From Paul Singer Of Elliott Investment Management
685 Columbia Street & 73 02 Amstel Boulevard
$53,500,000
Building Size
—
Asset Type
Industrial
Closing
Oct 30, 2025
About this deal
AI
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.
On the Map
$53,500,000
Industrial
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Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93