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

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.