Anthony Candela Acquires Mixed-Use Property In Downtown Brooklyn For $59M

The property involved in this closed transaction is a mixed-use building located at 85 Flatbush Avenue Extension in Downtown Brooklyn. The property spans a total area of 156,115 square feet and consists of both hotel and multifamily units.

Summary of transaction details

• Property Type: Mixed-Use (Hotel/Multifamily)
• Transaction Amount: $59,000,000
• Address: 85 Flatbush Avenue Extension, Downtown Brooklyn
• Market: Downtown Brooklyn

Anthony Candela from Slate Asset Management served as the lender for this transaction. The loan amount provided was $59,000,000 and the loan type was a bridge loan. On the other hand, Ohana Real Estate Investors acted as the landlord for the property.

Mark Fisher and Barnett Wu from JLL represented the parties involved in this deal as brokers.