Samuel Teitelbaum Secures $4.6M Construction Loan From Skybrook Capital For Retail Building In Williamsburg

A construction loan has been secured for a one-story retail building located at 12-16 Berry Street in Williamsburg, Brooklyn. The building encompasses an area of 20,442 square feet and is anticipated to be utilized as a gym. The loan amount finalized for this project is $4,600,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,600,000
• Loan Type: Construction
• Address: 12-16 Berry Street
• Market: Williamsburg, Brooklyn
• Lender: David Samuels & Isaac Fried - Skybrook Capital
• Landlord: Samuel Teitelbaum

This transaction is represented by David Samuels and Isaac Fried from Skybrook Capital, who were instrumental in facilitating the construction loan for Samuel Teitelbaum. Their involvement was crucial in securing financing for the retail development project.