JCS Realty Secures $105 Million Construction Loan For Mott Haven Multifamily

A construction loan of $105,000,000 has been secured for a multifamily property located at 138 Bruckner Boulevard in the Mott Haven market. The property spans approximately 319,586 square feet and consists of 447 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $105,000,000
• Address: 138 Bruckner Boulevard
• Market: Mott Haven
• Square Footage: 319,586
• Units: 447

The loan was provided by S3 Capital Partners, with Robert Schwartz representing the lender. The ground lessor in the transaction is Montgomery Street Partners, while JCS Realty serves as the developer and ground lessee. The broker for the deal is SPR Group.