TerraCRG Partners Represents Buyer In $86.7M Acquisition & Construction Loan For Williamsburg Multifamily

The property involved in this transaction is a multifamily asset located at 575 Grand Street in Williamsburg. It spans approximately 175,000 square feet and consists of 186 units. The transaction took place on 03/24/2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $86,700,000
• Address: 575 Grand Street
• Market: Williamsburg
• Square Footage: 175,000
• Number of Units: 186

The lender for this transaction was SCALE Lending, represented by Martin Nussbaum. The buyer's representative was Daniel Lebor & Dan Marks from TerraCRG Partners. The loan, valued at $86,700,000, was for the purpose of acquisition and construction. The landlord, Goose Property Management, was represented by Jacob Katz.