Valley National Bank Provides $135M Construction Loan For Multifamily Property In Dumbo | 218 Front Street | Pinchas Vogel, Leah Paskus | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

197,000 sqft

The multifamily property located at 218 Front Street in Dumbo has undergone a recent transaction. Spanning a total of 197,000 square feet, the property consists of 218 units. The deal involved a construction loan with Valley National Bank, facilitated by Jeff Puchin. The loan amount for this transaction is $135,000,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $135,000,000
Address: 218 Front Street
Market: Dumbo
Square Footage: 197,000
Number of Units: 218

In addition to Valley National Bank's involvement as the lender, Cheskel Schwimmer is the landlord of the property. Leah Paskus and Pinchas Vogel from Landstone Capital Group served as the brokers in this transaction.

Players

All
3

Agents
2
Agencies
1

Pinchas Vogel

Managing Director

$105.4M Sold

Leah Paskus

Chief Executive Officer

$105.4M Sold

Landstone Capital Group

Details

Deal Summary

FINANCED

IMAGE: Pinchas Vogel & Jeff Puchin DATE: 10/07/2022 ADDRESS: 218 Front Street MARKET: Dumbo ASSET TYPE: Multifamily ~ SF: 197,000 ~ UNITS: 218 LENDER: Valley National Bank - Jeff Puchin LANDLORD: Cheskel Schwimmer BROKERS: Leah Paskus & Pinchas Vogel - Landstone Capital Group LOAN AMOUNT: $135,000,000 LOAN TYPE: Construction

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Address218 Front Street

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