Meridian Capital Group Secures $52M Loan For Mixed Use Property In Dumbo, New York

220 Water St, Brooklyn, NY 11201, USA

$52,000,000

$299/SF

Building Size

173,457 SF

Asset Type

Mixed-use

Closing

Sep 5, 2018

AI

Samuel Ginsburg, Scott Powell, and Adam Ginsburg have closed a transaction for a mixed-use property located at 220 Water Street in Dumbo, New York. The property spans over 173,457 square feet and consists of 136 units. The deal was facilitated by broker Shamir Seidman from @meridian.capital.group.

Summary of transaction details

Property Type: Mixed Use
Transaction Amount: $52,000,000
Date: 09/06/2018
Address: 220 Water Street
Market: Dumbo
City: New York
Lender: Santander Bank
Landlord: GDC Properties
Broker: Shamir Seidman - @meridian.capital.group

This transaction involved several key individuals, including Samuel Ginsburg, Scott Powell, and Adam Ginsburg. The property was financed by Santander Bank, and GDC Properties acted as the landlord. Shamir Seidman from @meridian.capital.group represented the parties involved in the deal.

Players