Lakeland Bank Provides $1.8M Acquisition Loan For Mixed-Use Building In Brooklyn

Located at 1407 Foster Avenue in Brooklyn, this mixed-use property encompasses approximately 5,700 square feet. The property was recently involved in a closed transaction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,800,000
• Market: Brooklyn
• Lender: Lakeland Bank
• Landlord: Allon Avgi & Ariel Shalom
• Brokers: Frank Stanislaski & Eddie Miro - Progress Capital

An acquisition loan for the amount of $1,800,000 was secured for this property. The loan was provided by Lakeland Bank. The landlords of the property are Allon Avgi and Ariel Shalom. Representing the deal were brokers Frank Stanislaski and Eddie Miro from Progress Capital.