Joel Wurzberger Secures $85 Million Loan For Mixed-Use Development At 133 Kent Avenue Brooklyn

The property involved in this transaction is a mixed-use asset located at 133 Kent Avenue in Brooklyn. It encompasses a total of 83,000 square feet and consists of 43 units. The loan amount secured for this acquisition and construction project is $85,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $85,000,000
• Asset Size: 83,000 square feet
• Number of Units: 43
• Lender: Robert Schwartz, Shawn Safdie & Steven Jemal - S3 Capital Partners
• Landlord: Joel Wurzberger
• Brokers: Aaron Niedermayer, Geoff Goldstein & Ethan Stanton - JLL
• Loan Type: Acquisition + Construction

Key individuals involved in this transaction include lenders Robert Schwartz, Shawn Safdie, and Steven Jemal of S3 Capital Partners. The landlord for the property is Joel Wurzberger, while the brokerage team from JLL includes Aaron Niedermayer, Geoff Goldstein, and Ethan Stanton, who played significant roles in facilitating this deal.