Banco Popular Provides $33.1M Construction Loan For Mixed-use Building In Park Slope, Brooklyn

$33,100,000

$431/SF

Building Size

76,759 SF

Asset Type

Mixed-use

Closing

Dec 28, 2023

AI

A mixed-use (6 Story Building) property located at 453 5th Avenue in Park Slope, Brooklyn has been involved in a recent transaction. The property spans over 76,759 square feet and is situated in a vibrant market.

Summary of transaction details

Property Type: Mixed-use (6 Story Building)
Transaction Amount: $33,100,000
Lender: Banco Popular
Landlord: RJ Capital Holdings
Brokers: Eli Serebrowski, Morris Betesh & Alex Bailkin - Meridian Capital Group
Loan Type: Construction

Eli Serebrowski, Morris Betesh, and Alex Bailkin from Meridian Capital Group played a pivotal role in facilitating this transaction. The loan for the property was provided by Banco Popular, and RJ Capital Holdings acted as the landlord.

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