Samuel Landau Secures $17.35M Construction Loan For Mixed-Use Property On Flatbush Avenue

Located at 1341 Flatbush Avenue in the Flatbush neighborhood of Brooklyn, this mixed-use property consists of 52 units. The transaction, which took place on November 23, 2022, was a closed deal involving a construction loan from Kearny Bank. The loan amount of $17,350,000 will be used to fund the construction of the property.

Summary of transation details

• Property Type: Mixed-Use
• Transaction Amount: $17,350,000
• Units: 52
• Address: 1341 Flatbush Avenue
• Market: Flatbush, Brooklyn

Samuel Landau is the landlord of the property, while Kearny Bank provided the construction loan. The loan type for this transaction is a construction loan. It is noteworthy to mention that the deal was closed without any additional details available.