Chetrit Group & Read Property Group Secure $18.5M Loan For Williamsburg Multifamily

The multifamily property located at 487 Keap Street in Williamsburg has been involved in a recent loan transaction. The loan was provided by Signature Bank for a total amount of $18,500,000. This property spans across 56,997 square feet and consists of 51 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Address: 487 Keap Street
• Market: Williamsburg
• SF: 56,997
• Units: 51

The landlords involved in the transaction are the Chetrit Group and Read Property Group. Joseph DePaolo and Isaac Chetrit were the representatives of the Chetrit Group in this deal.