Bank OZK And Arden Group Provide $23M Construction Loan For Red Hook Industrial Property
ShareContact
This Industrial property located in NY received a loan of $23,000,000 over 4 years ago. The brokers of the deal were Adam Schwartz, Keith Kurland, Jonathan Schwartz, and Aaron Appel
View Related
- Location55 Bay St, Brooklyn, NY 11231, USA
- Loan Value$23,000,000
- Asset TypeIndustrial
- Parties4 Brokers, 1 Agency, 1 Lender
Agents
Agency
Social
Deal Summary
LOAN
IMAGE: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz
DATE: 07/11/2019
ADDRESS: 55 Bay Street
MARKET: Red Hook
ASSET TYPE: Industrial
LENDERS: Bank OZK & Arden Group
LANDLORD: DH Property Holdings - Dov Hertz
BROKERS: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz @jll_ny_capitalmarkets
LOAN AMOUNT: $23,000,000
LOAN TYPE: Construction loan
SF: 83,000
NOTE: 55 Bay Street is a state-of-the-art speculative development located in the Red Hook section of Brooklyn, the most populous borough in New York City. The best-in-class design will feature modern column spacing and energy efficient LED lighting. Just minutes from the Brooklyn-Queens Expressway (I-287) this site also has immediate access to Manhattan via the Hugh Carey and Williamsburg and Brooklyn bridges giving it an unmatched ability to reach the countries largest consumer base.
Comparables
Contact
55 Bay Street
Social
Comparables
Contact
Share
Login to Suggest Edits