Marcus & Millichap Brokers Arrange $1.35M Loan For Development Site In Williamsburg/Greenpoint | 419 Manhattan Avenue | Urban Standard Capital | Gerald Kray, Daria Benstead | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

75,000 sqft

A development site located at 419 Manhattan Ave. in the Williamsburg / Greenpoint border area was involved in a closed property transaction. The property, with a building square footage (BSF) of 7500, was purchased with a loan amount of $1,350,000. The transaction took place on 05/29/2020.

Summary of transation details

Property Type: Development Site
Transaction Amount: $1,350,000
Address: 419 Manhattan Ave.
Market: Williamsburg / Greenpoint border

Daria Benstead and Gerald Kray from Marcus & Millichap acted as the brokers in the deal.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Urban Standard Capital

Details

Deal Summary

FINANCED

IMAGE: Daria Benstead, Charlie Brosens, Seth Weissman, Hubert Nowakowski DATE: 05/29/2020 ADDRESS: 419 Manhattan Ave. MARKET: Williamsburg / Greenpoint border ASSET TYPE: Development Site LENDER: Urban Standard Capital @USC_NYC LANDLORD: Hubert Nowakowski LOAN AMOUNT: $1,350,000 BSF: 7500 BROKERS: Daria Benstead & Gerald Kray – Marcus & Millichap

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Address419 Manhattan Avenue

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