HKS Real Estate Advisors Facilitates $15.65M Construction Loan For Mixed-Use Property On Manhattan Avenue, Greenpoint | 723 Manhattan Avenue | Max Ralby | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

44,461 sqft

The mixed-use property located at 723 Manhattan Avenue in Greenpoint has undergone a recent loan transaction. The loan amount for this deal was $15,650,000, and it was a construction loan. The terms of the loan included a 70% loan-to-cost ratio and a 99-year ground lease.

Summary of transaction details:

Property Type: Mixed-Use
Transaction Amount: $15,650,000
Loan Type: Construction
Loan Terms: 70% LTC, 99-year ground lease

The broker involved in this transaction is Max Ralby from HKS Real Estate Advisors. Max Ralby represents the parties involved in this deal but is not the buyer, seller, landlord, or tenant.

Players

All
2

Agents
1
Agencies
1

Max Ralby

Associate Director

$51.9M Sold

Newmark

Details

Deal Summary

FINANCED

IMAGE: Max Ralby DATE: 03/02/2023 ADDRESS: 723 Manhattan Avenue MARKET: Greenpoint ASSET TYPE: Mixed-Use BROKER: Max Ralby (@MaxRalby) - HKS Real Estate Advisors (@HKSRealEstateAdvisors) LOAN AMOUNT: $15,650,000 LOAN TYPE: Construction LOAN TERMS: 70% LTC, 99-year ground lease

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Address723 Manhattan Avenue

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