Ironside Realty's Laith Hermiz Secures $7 Million Acquisition Loan From Lead Bank For Office In Brooklyn

The asset involved in this transaction is an office building situated at 1435 86th Street in Bensonhurst, Brooklyn. The property encompasses 11,290 square feet and has secured a loan amount of $7,000,000, reflecting a price of $619 per built square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,000,000
• Lender: Lead Bank
• Landlord: Laith Hermiz - Ironside Realty

The acquisition loan was secured by Ironside Realty’s IR Brooklyn NY, LLC. This financing underscores the growth potential in the Bensonhurst market, with the involvement of Lead Bank as the lending institution.