Anthony Candela Acquires Mixed-Use Property In Downtown Brooklyn For $59M | 85 Flatbush Avenue Extension | Barnett Wu, Mark Fisher | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

156,115 sqft

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.

Players

All
3

Agents
2
Agencies
1

Barnett Wu

Senior Vice President

Mark Fisher

Executive Vice President

JLL

Details

Deal Summary

FINANCED

IMAGE: Anthony Candela, Mark Fisher & Barnett Wu DATE: 01/12/2024 ADDRESS: 85 Flatbush Avenue Extension MARKET: Downtown Brooklyn ASSET TYPE: Mixed-Use (Hotel/Multifamily) ~ SF: 156,115 LENDER: Anthony Candela - Slate Asset Management LANDLORD: Ohana Real Estate Investors BROKERS: Mark Fisher & Barnett Wu - JLL (@JLL) LOAN AMOUNT: $59,000,000 LOAN TYPE: Bridge

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Address85 Flatbush Avenue Extension

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