699 Columbia Street in Red Hook, Brooklyn, is a 12.5-acre land parcel with a buildable square footage of 150,000. The property, one of Red Hook's final undeveloped sites, has been mostly vacant for many years.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $53,500,00
• Address: 699 Columbia Street
• Market: Red Hook, Brooklyn
• Lender: Integritas Capital - Stephen Palmese & Keystone Equities - Jonathan Zamir
• Landlord: John Quadrozzi Jr
• Loan Purpose: Refinance to build a 150,000-square-foot industrial building

Integritas Capital, led by Stephen Palmese, and Keystone Equities, led by Jonathan Zamir, co-originated a $53.5 million loan for the property at 699 Columbia Street. The loan aims to refinance the site, facilitating the development of a substantial industrial building as part of the owner's plans for the land.