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G4 Capital Partners Provides $50.35M Loan To Isaac Schwartz For Development Site In Brooklyn

Property Image
SOLD
$22,750,000

New York

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MultiFamily290,000 SF
Sold 09/16/2025
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Property Image
SOLD

G4 Capital Partners Provides $50.35M Loan To Isaac Schwartz For Development Site In Brooklyn

970 Franklin Avenue

See Similar Deals
MultiFamily290,000 SF
Sold 09/16/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$78
Total Square Footage:290,000 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 970 Franklin Avenue in Brooklyn. This multifamily property spans approximately 290,000 square feet and has a loan amount of $50,350,000 secured by G4 Capital Partners.

Summary of transaction details:

  • Property Type: Development Site (Multifamily)
  • Transaction Amount: $50,350,000
  • Address: 970 Franklin Avenue
  • Market: Brooklyn
  • Lender: G4 Capital Partners
  • Landlord: Isaac Schwartz
  • Broker: Steven Hersko - SHB Group

The loan provided by G4 Capital Partners serves as an acquisition and pre-development financing solution for the sponsor. Notably, this occurred approximately 18 months after G4 had extended a $130 million construction facility for a neighboring site also associated with the same sponsor.

Players

SH
SHB Group
Steven Hersko
5 deals$266.9M volume
BROKER
SHB Group
SHB Group
BROKERAGE
G4 Capital Partners
G4 Capital Partners
LENDER

Details

SOLD
IMAGE: Owen Skrodanes, Kevin Wang, Adam Parks, Marc Brooks, Chris Goetz & Robert Palumbo DATE: 9/16/2025 ADDRESS: 970 Franklin Avenue MARKET: Brooklyn ASSET TYPE: Development Site (Multifamily) ~ SF: 290,000 LENDER: G4 Capital Partners LANDLORD: Isaac Schwartz BROKER: Steven Hersko - SHB Group LOAN AMOUNT: $50,350,000 NOTE FROM BROKER: G4 provided and an acquisition and pre-development loan for the sponsor at 970 Franklin Avenue approximately 18 Months after providing a 130M construction facility on the neighboring site with the same sponsor.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)-$80,825.96
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