Isaac Gindi Secures $14.2M Financing For Retail Property In Fort Hamilton

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.