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Burke Builders Acquires Multifamily Properties In West Seneca & Hamburg For $27.5M Loan

299 Leydecker Road & 3750 Heatherwood Drive
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This MultiFamily property located in NY received a loan of $27,515,000 over 1 year ago. The broker of the deal was John Sigeti

The multifamily property located at 299 Leydecker Road in West Seneca and 3750 Heatherwood Drive in Hamburg has undergone a closed transaction. The deal was facilitated by John Sigeti from Berkadia, who represented the buyer, Burke Builders, led by Brady Burke. The property is situated in a prime market area, with easy access to amenities, transportation, and other conveniences.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $27,515,000
  • Loan Terms: 10 years
  • Market: West Seneca & Hamburg

The loan obtained for this transaction amounts to $27,515,000 and has a term of 10 years. The financing will support the continued operation and development of the multifamily property. The collaboration between John Sigeti from Berkadia and Brady Burke of Burke Builders played a crucial role in successfully closing the deal.

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Deals
  • Location
    299 Leydecker Road, West Seneca, New York 14224, United States299 Leydecker Road, West Seneca, New York 14224, United States
  • Loan Value
    $27,515,000$27,515,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

John Sigeti

John Sigeti

Deals1
Financed$27.5M

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

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Deal Summary

LOAN IMAGE: Brady Burke & John Sigeti DATE: 08/28/2022 ADDRESS: 299 Leydecker Road & 3750 Heatherwood Drive MARKET: West Seneca & Hamburg ASSET TYPE: Multifamily LANDLORD: Burke Builders (@BurkeBuildersCo) - Brady Burke BROKER: John Sigeti (@John_Sigeti) - Berkadia (@Berkadia) LOAN AMOUNT: $27,515,000 LOAN TERMS: 10 years

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299 Leydecker Road & 3750 Heatherwood Drive

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