Valley National Bank Provides $86M Acquisition Loan For Development Site On Bedford Ave. In Brooklyn | 2360 Bedford Avenue | Valley National Bank | Pinchas Vogel, Leah Paskus | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

1,100,000 sqft

Located at 2360 Bedford Ave in Brooklyn, this development site is the focus of a recent closed transaction. The property, with a buildable square footage (BSF) of 1,100,000, has been acquired by an undisclosed buyer.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $86,000,000
Lender: Valley National Bank - Jeff Puchin
Landlord: David Bistricer
Brokers: Leah Paskus & Pinchas Vogel - Landstone Capital Group

The acquisition was financed by a loan provided by Valley National Bank, with Jeff Puchin representing the lender. The loan amount totaled $86,000,000. The property's landlord, David Bistricer, facilitated the transaction. Leah Paskus and Pinchas Vogel, from Landstone Capital Group, acted as brokers in the deal.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Pinchas Vogel

Managing Director

$105.4M Sold

Leah Paskus

Chief Executive Officer

$105.4M Sold

Details

Deal Summary

FINANCED

IMAGE: Pinchas Vogel, David Bistricer & Jeff Puchin DATE: 05/09/2022 ADDRESS: 2360 Bedford Ave. MARKET: Brooklyn ASSET TYPE: Development Site ~ BSF: 1,100,000 LENDER: Valley National Bank (@ValleyNationalBank) - Jeff Puchin (@JeffPuchin) LANDLORD: David Bistricer BROKERS: Leah Paskus & Pinchas Vogel - Landstone Capital Group (@LandstoneCapital) LOAN AMOUNT: $86,000,000 LOAN TYPE: Acquisition

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Address2360 Bedford Avenue

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