FINANCED
Valley National Bank Provides $25.7M Loan For Mixed-Use Property In Brooklyn
633 Marcy Avenue
Mixed-use
600,000 SF
600,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
600,000 sqft
The mixed-use property located at 633 Marcy Ave in Brooklyn, Bedford Stuyvesant has been involved in a closed transaction. The property spans approximately 60,000 square feet and was sold for a total amount of $25,735,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $25,735,000
- Loan Amount: $25,735,000
- Square Footage: 60,000
- Address: 633 Marcy Ave, Brooklyn, Bedford Stuyvesant
- Market: Brooklyn, Bedford Stuyvesant
- Landlord: Zelig Weiss and Josif Weisz
The loan for this transaction was provided by Valley National Bank. The sellers were represented by GreenRock Funding, with Elya Kahn and Shlomy Franczoz acting as brokers.
It is important to note that the building is partially vacant and awaiting 421A approval.
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Details
FINANCED
IMAGE: 06/03/2019
ADDRESS: 633 Marcy Ave
MARKET: Brooklyn, Bedford Stuyvesant
ASSET TYPE: Mixed-use
LOAN AMOUNT: $25,735,000
SF: 60,000
LOAN TERMS: 10 year term Partial Vacant awaiting 421A
LENDER: Valley National Bank
LANDLORD: Zelig Weiss and Josif Weisz
BROKERS: GreenRock Funding – Elya Kahn, Shlomy Franczoz
NOTE: Partial Vacant Building awaiting 421A approvalView on map
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Address633 Marcy Avenue
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