Michael Silberberg Of Berkley Properties Acquires $7.5M Note From Blackstone For Williamsburg School Building
575 Bedford Avenue
$7,500,000
Building Size
—
Asset Type
Note / Loan
Closing
Jan 9, 2026
About this deal
AI
A $7.5 million note was sold secured by a 30,000-square-foot school building located at 575 Bedford Avenue in Williamsburg, Brooklyn. The transaction occurred on January 9, 2026.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $7,500,000
- Buyer: Michael Silberberg - Berkley Properties
- Seller: Blackstone
- Market: Williamsburg, Brooklyn
Michael Silberberg, through an affiliate named Quince Realty Holding, acquired the note from Blackstone Group following a foreclosure action that was initiated by the lender in January 2025.
The note / loan sale at 575 Bedford Avenue in Brooklyn, New York sold for $7.5M in 2026. 575 Bedford Avenue is classified as Note / Loan on Traded. Named participants on the 575 Bedford Avenue sale are Michael Silberberg. This page is the Brooklyn, New York file for the 575 Bedford Avenue note / loan sold: pricing, party profiles, and other closed note / loan comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn note / loan set by closing date to see what else sold near 575 Bedford Avenue around 2026. Published consideration for 575 Bedford Avenue is $7.5M, dated 2026. Cite this Michael Silberberg Of Berkley Properties Acquires $7.5M Note From Blackstone For Williamsburg School Building sale when underwriting similar note / loan product around Brooklyn, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93