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Madison Realty Capital Provides $45.8M Construction Loan For Mixed-Use Property In Williamsburg

296 Wythe Avenue
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This Mixed-use property located in NY received a loan of $45,800,000 about 2 years ago. The broker of the deal was Steven Hersko

The mixed-use property located at 296 Wythe Avenue in Williamsburg has been involved in a recent transaction. The property consists of 55 units and is situated in a prime market area.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $45,800,000
  • Date: 02/09/2022
  • Address: 296 Wythe Avenue, Williamsburg
  • Market: Williamsburg
  • Units: 55

The loan for this transaction was provided by Madison Realty Capital, with Josh Zegen representing the lender. The loan amount was $45,800,000, and it was of the construction type. Bruman Realty acted as the landlord for this deal. Steven Hersko from SHB Group served as the broker in this transaction.

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Deals
  • Location
    296 Wythe Avenue, Brooklyn, New York 11249, United States296 Wythe Avenue, Brooklyn, New York 11249, United States
  • Loan Value
    $45,800,000$45,800,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Steven Hersko

Steven Hersko

Deals2
Financed$187.8M

Agency

SHB Group

SHB Group

Agency
Deals2
Volume$187.8M

Madison Reality Capital

Madison Reality Capital

Lender
Deals75
Volume$ 277.8B

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Deal Summary

LOAN IMAGE: Josh Zegen DATE: 02/09/2022 ADDRESS: 296 Wythe Avenue MARKET: Williamsburg ASSET TYPE: Mixed-use ~ UNITS: 55 LENDER: Madison Realty Capital (@MadisonRealtyCapital) - Josh Zegen (@JZegen) LANDLORD: Bruman Realty BROKER: Steven Hersko - SHB Group LOAN AMOUNT: $45,800,000 LOAN TYPE: Construction

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296 Wythe Avenue

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