DAX Real Estate Acquires Multi Family Property In Greenpoint/BK For $5.6M

The multi-family property located at 195-197 Franklin Street in Greenpoint, Brooklyn has been involved in a closed transaction. The property spans 11,550 square feet and the deal's key individuals include Ben Jacobs from Meridian Capital Group, who represented one of the parties involved. The landlord of the property is DAX Real Estate, owned by Daniel Hedaya and Max Seibald. Sterling National Bank provided an acquisition loan of $5,600,000 for this transaction.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $5,600,000
• Address: 195-197 Franklin Street
• Market: Greenpoint/BK

Ben Jacobs of Meridian Capital Group played a crucial role as the broker in this closed transaction, representing one of the parties involved. This deal was made possible with the support of Sterling National Bank, which provided an acquisition loan for the property. The landlords, Daniel Hedaya and Max Seibald, oversee DAX Real Estate, the entity that owns the multi-family property.