Stormfield Capital Provides $2.21M Acquisition Loan For Mixed-Use Property In Williamsburg, Brooklyn

222 Manhattan Avenue, Brooklyn, NY 11206

$2,210,000

$454/SF

Building Size

4,867 SF

Asset Type

Mixed-use

Closing

Jan 19, 2022

AI

The mixed-use property located at 222 Manhattan Avenue in Williamsburg, Brooklyn has recently undergone a closed transaction. The property spans 4,867 square feet, making it a versatile asset in the market.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $2,210,000
Date: 01/19/2022
Address: 222 Manhattan Avenue
Market: Williamsburg, Brooklyn
Loan Type: Acquisition
Loan Amount: $2,210,000
Loan Terms: 80% of the acquisition, plus capex
Lender: Stormfield Capital
Landlord: Dimerys Paulino Santos & Johnny Cruz
Broker: Sage Usher - Leviathan Capital

Sage Usher from Leviathan Capital played a key role in the transaction as the broker representing the buyer or seller. Their expertise and connections in the market helped facilitate the deal.

Players