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Ekstein Development Acquires Development Site In Bushwick, Brooklyn For $11.3M

1333 Broadway
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This Development Site property located in NY received a loan of $11,300,000 almost 5 years ago. The brokers of the deal were Rob Hinckley, Peter (Pete) Rotchford, and Christopher (Chris) Peck

A development site located at 1333 Broadway in Bushwick, Brooklyn has been involved in a closed property transaction. The property, with a total square footage of 98,200, was acquired through a land loan worth $11,300,000. The transaction took place on 12/06/2019, and S3 Capital Partners provided the loan. The landlord of the property is Erik Ekstein, who is associated with Ekstein Development. The deal was facilitated by Peter Rotchford, Christopher Peck, and Rob Hinckley from JLL.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $11,300,000
  • BSF: 98,200
  • Lender: S3 Capital Partners
  • Landlord: Erik Ekstein – Ekstein Development
  • Brokers: Peter Rotchford, Christopher Peck, Rob Hinckley from JLL

The deal involved a development site located at 1333 Broadway in Bushwick, Brooklyn. The loan of $11,300,000 was provided by S3 Capital Partners for the acquisition of the property. Erik Ekstein, representing Ekstein Development, is the landlord of the site. Throughout the transaction, Peter Rotchford, Christopher Peck, and Rob Hinckley from JLL acted as brokers.

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Deals
  • Location
    1333 Broadway, Brooklyn, NY 11221, USA1333 Broadway, Brooklyn, NY 11221, USA
  • Loan Value
    $11,300,000$11,300,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Peter (Pete) Rotchford

Peter (Pete) Rotchford

Deals26
Financed$2.4B

Christopher (Chris) Peck

Christopher (Chris) Peck

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Financed$5.7B

Rob Hinckley

Rob Hinckley

Deals51
Financed$5.2B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Deal Summary

IMAGE: Robert Schwartz, Peter Rotchford, Chris Peck & Rob Hinckley DATE: 12/06/2019 ADDRESS: 1333 Broadway MARKET: Bushwick, Brooklyn ASSET TYPE: Development Site LOAN TYPE: Land Loan LOAN AMOUNT: $11,300,000 BSF: 98,200 LENDER: S3 Capital Partners LANDLORD: Erik Ekstein – Ekstein Development BROKERS: @JLL Peter Rotchford, Christopher Peck, Rob Hinckley

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1333 Broadway

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