Minskoff Equities Secures $97M Construction Loan For Office Property At 29 Jay Street, DUMBO, NY

The property involved in this closed transaction is an office building located at 29 Jay Street in the DUMBO market. The asset has a total square footage of 220,000. The building is owned by Minskoff Equities, with Edward Minskoff representing the landlord. The loan for this transaction was provided by AIG Asset Management and is categorized as a construction loan. The loan amount for this transaction is $97,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $97,000,000
• Address: 29 Jay Street
• Market: DUMBO
• Landlord: Minskoff Equities - Edward Minskoff
• Lender: AIG Asset Management
• Loan Type: Construction Loan

Edward Minskoff serves as the representative of Minskoff Equities in this deal. The involvement of AIG Asset Management as the lender showcases their role in providing the construction loan.