Isaac Gindi Secures $14.2M Financing For Retail Property In Fort Hamilton | 8613 5th Avenue | Oceanview Life and Annuity | Retail | Loan

Summary

Loan

NEW YORK

Retail

The property involved in the transaction is the old Century 21 building in Bay Ridge, located at 8613 Fifth Ave., Brooklyn. Owned by Isaac Gindi, the asset secured financing of $14.2 million from Oceanview Life and Annuity Co. The funding will facilitate the transformation of the property into a new "urban retail landscape."

Summary of transation details:

Property Type: Retail
Transaction Amount: $14,200,000
IMAGE: Isaac Gindi
DATE: 04/24/2024
ADDRESS: 8613 5th Avenue
MARKET: Fort Hamilton, Brooklyn

The loan of $14.2 million was provided by Oceanview Life & Annuity for the redevelopment of the old Century 21 building. Isaac Gindi, the landlord, played a key role in securing the financing for the transformation of the property into a modern urban retail hub.

Players

All
1

Lenders
1

Oceanview Life and Annuity

Details

Deal Summary

FINANCED

IMAGE: Isaac Gindi DATE: 04/24/2024 ADDRESS: 8613 5th Avenue MARKET: Fort Hamilton, Brooklyn ASSET TYPE: Retail LENDER: Oceanview Life & Annuity LANDLORD: Isaac Gindi LOAN AMOUNT: $14,200,000 NOTE: The old Century 21 building in Bay Ridge, located at 8613 Fifth Ave., Brooklyn, owned by Isaac Gindi, secured financing of $14.2 million from Oceanview Life and Annuity Co. The funding will facilitate the transformation of the property into a new "urban retail landscape."

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Address8613 5th Avenue

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