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Davean Holdings Secures $26M Loan For Mixed-Use Property On Macdougal Street In Greenwich Village

103-105 Macdougal Street
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This Mixed-use property located in NY received a loan of $26,000,000 over 2 years ago. The brokers of the deal were Eden Abraham, Sean Lefkovits, David Lloyd, Daniel Fromm, Dustin Stolly, and Jordan (Jordy) Roeschlaub

The property involved in this transaction is located at 103-105 Macdougal Street in Greenwich Village. It is a mixed-use property with a total square footage of 40,000. The asset was purchased by @DaveanHoldings for $22.5 million in the summer of 2020. Since then, @DaveanHoldings has renovated more than 50 residential units and leased out the 7,000+ square foot retail space.

Summary of transaction details:

@DaveanHoldings is also currently under contract on 12 other properties in Manhattan or Prime BK. For more investment opportunities, they can be contacted via email at [email protected].

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Deals
  • Location
    103 Macdougal Street, Brooklyn, NY 11233, USA103 Macdougal Street, Brooklyn, NY 11233, USA
  • Loan Value
    $26,000,000$26,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    6 Brokers, 2 Agencies, 1 Lender6 Brokers, 2 Agencies, 1 Lender

Agents

Eden Abraham

Eden Abraham

Deals9
Financed$1.2B

Sean Lefkovits

Sean Lefkovits

Deals12
Financed$36.6M

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

David Lloyd

David Lloyd

Deals13
Financed$155.2M

Daniel Fromm

Daniel Fromm

Deals60
Financed$4.2B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Agencies

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Sterling National Bank

Sterling National Bank

Lender
Deals21
Volume$ 354B

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Deal Summary

LOAN IMAGE: Dustin Stolly, Jordy Roeschlaub, David Lloyd, Daniel Fromm, Sean Lefkovits & Eden Abraham DATE: 08/00/2021 ADDRESS: 103-105 Macdougal Street MARKET: Greenwich Village ASSET TYPE: Mixed-use ~ SF: 40,000 LENDER: Sterling National Bank LANDLORD: @DaveanHoldings - Sean Lefkovits (@4Lefko) & David Lloyd (@DavidTLloyd) BROKERS: Dustin Stolly, Jordy Roeschlaub, Eden Abraham & Daniel Fromm @Newmark LOAN AMOUNT: $26,000,000 LOAN TERMS: 3.125% Rate, 2 Years I/O, 5 Year Fixed NOTE FROM @DaveanHoldings: Davean purchased the asset for $22.5M in the summer of 2020 & since closing has renovated 50+ residential units & leased out the 7,000+ square foot retail space. They are currently under contract on 12 properties. Please send more investment opportunities in Manhattan or Prime BK to 📧 [email protected]

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103-105 Macdougal Street

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