Valley National Bank Provides $252M Construction Loan For Mixed-Use Property In New York City | 532 Neptune Avenue | Valley National Bank | Scott Miller, Ronnie Levine, AJ Bruno | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

The mixed-use property located at 532 Neptune Avenue in New York City has been involved in a closed transaction. The property consists of 499 units and is owned by Aaron Polinsky of Cammeby's International, Sergey Rybak, and Andrei Shavrin of Rybak Development.

Summary of transaction details

Property Type: Mixed-Use
Transaction Amount: $252,000,000
Address: 532 Neptune Avenue
Market: New York City
Units: 499

The loan for this transaction was provided by Valley National Bank. The lenders provided a construction loan amounting to $252,000,000.

The brokers involved in the deal were Ronnie Levine, Scott Miller, and AJ Bruno from Meridian Capital Group. They represented the parties involved in the transaction.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Scott Miller

Vice President

$3.6M Sold

Ronnie Levine

Senior Managing Director

$41.7M Sold

AJ Bruno

Meridian Capital Group

Valley National Bank

Details

Deal Summary

FINANCED

IMAGE: Aaron Polinsky, Ronnie Levine, Sergey Rybak, Scott Miller, Andrei Shavrin & AJ Bruno DATE: 06/29/2023 ADDRESS: 532 Neptune Avenue MARKET: New York City ASSET TYPE: Mixed-Use ~ UNITS: 499 LENDER: Valley National Bank LANDLORD: Aaron Polinsky - Cammeby's International & Rybak Development (@RybakDev) - Sergey Rybak & Andrei Shavrin BROKERS: Ronnie Levine, Scott Miller (@Scott_Miller294) & AJ Bruno (@AjBruno_) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $252,000,000 LOAN TYPE: Construction

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Address532 Neptune Avenue

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