Joseph Heimann Of BSD Suites LLC Refinances Office Building At 500 Dekalb Avenue For $31.5M

500 Dekalb Avenue is an office asset located in the Bedford Stuyvesant neighborhood of Brooklyn, encompassing 56,112 square feet. The property was refinanced with a significant loan amount totaling $31,500,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $31,500,000
• Address: 500 Dekalb Avenue
• Market: Bedford Stuyvesant, Brooklyn
• Lender: Skybrook Capital & Tideway Capital Group
• Landlord: Joseph Heimann - BSD Suites LLC
• Loan Type: Refinance
• Primary Loan Amount: $24.65 million
• Subordinate Loan Amount: $6.85 million from Able Funding

The deal involved Joseph Heimann representing BSD Suites LLC in the refinance of the office building, coordinated with the lending efforts of Skybrook Capital and Tideway Capital Group, ensuring the financial restructuring of the asset.