Metropolitan Commercial Bank Provides $14.25M Permanent Loan For Brooklyn Multifamily Property

8904 5th Avenue, Brooklyn, New York 11209, United States

$14,250,000

$394/SF

Building Size

36,107 SF

Asset Type

MultiFamily

Closing

Mar 2, 2022

AI

Located at 8904 5th Avenue in Brooklyn, this multifamily property spans approximately 36,107 square feet. The transaction took place on March 3, 2022, involving a loan provided by Metropolitan Commercial Bank.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $14,250,000
Market: Brooklyn
Lender: Metropolitan Commercial Bank
Brokers: Adam Hakim, James Murad & David Baker - Meridian Capital Group

The loan, amounting to $14,250,000, was secured for the purchase of this multifamily property on 5th Avenue. Acting on behalf of the parties involved, Adam Hakim, James Murad, and David Baker from Meridian Capital Group represented the deal.

Players