FINANCED
Capstone Equities Acquires Office In Sunset Park, Brooklyn For $70M Loan Sale
14 53rd Street
Office
500,000 SF
500,000 SF
Financed 342 days ago
Summary
Loan
NEW YORK
Office
500,000 sqft
An office property located at 14 53rd Street in Sunset Park, Brooklyn, was recently involved in a loan sale transaction. The property spans 500,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $70,000,000
- Market: Sunset Park, Brooklyn
- Buyer: Capstone Equities
- Seller: TPG Real Estate Finance Trust
- Brokers: Adam Doneger, Adam Spies, Avery Silverstein, Josh King & Marcella Fasulo from Newmark; Daniel O’Brien from Cushman & Wakefield
- Loan Type: Sale of non-performing loan
The loan sale transaction was facilitated by brokers Adam Doneger, Adam Spies, Avery Silverstein, Josh King, and Marcella Fasulo from Newmark, as well as Daniel O’Brien from Cushman & Wakefield.
Players
All
7
Agents
6
Agencies
1
Details
FINANCED
IMAGE: SALE
IMAGE: Adam Spies, Adam Doneger, Daniel O’Brien, Avery Silverstein, Josh King & Marcella Fasulo
DATE: 05/22/2023
ADDRESS: 14 53rd Street
MARKET: Sunset Park, Brooklyn
ASSET TYPE: Office ~ SF: 500,000
BUYER: Capstone Equities
SELLER: TPG Real Estate Finance Trust
BROKER: Adam Doneger, Adam Spies, Avery Silverstein, Josh King & Marcella Fasulo - Newmark; Daniel O’Brien - Cushman & Wakefield
LOAN AMOUNT: $70,000,000
LOAN TYPE: sale of non-performing loanView on map
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Address14 53rd Street
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