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267 Bond St Brooklyn, NY 11...

Updated Oct 14, 2026

Related Companies & Apollo Global Management Provide Joint Venture Equity And Construction Loan For Mixed-Use Property In Gowanus, Brooklyn
FINANCEDMixed-use

Related Companies & Apollo Global Management Provide Joint Venture Equity And Construction Loan For Mixed-Use Property In Gowanus, Brooklyn

267 Bond St Brooklyn, NY 11217, USA

$520,000,000

$1,139/SF

Building Size

456,301 SF

Asset Type

Mixed-use

Closing

May 19, 2023

About this deal

AI

Located in Gowanus, Brooklyn, the mixed-use property at 267 Bond Street and 510 Sackett Street recently underwent a closed transaction. With a total square footage of 456,301 and 517 units, this property offers a diverse range of spaces for both residential and commercial purposes. The market value of this property has been finalized, although there are no further details available regarding its features or characteristics.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $520,000,000
  • Address: 267 Bond Street & 510 Sackett Street
  • Market: Gowanus, Brooklyn
  • Square Footage: 456,301
  • Units: 517

The financial aspects of this transaction involve a joint venture equity and construction loan. The lenders for this deal are Related Companies and Apollo Global Management. On the landlord side, PMG and Carlyle are the involved parties. The brokerage services for this transaction were provided by Christopher Peck, Peter Rotchford, Nicco Lupo, Andrew Scandalios, Rob Hinckley, and Jeffrey Julien from JLL.

On the Map

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$520,000,000

$1,139/SF

Mixed-use

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Players

Andrew Scandalios

JLL

Broker

$12.2B

vol

69 deals

Broker
Apollo Bank
Apollo BankLender
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Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $1.1K per square foot on a published $520M for 456,301 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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