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Property Markets Group Acquires Development Site In Gowanus, Brooklyn For $59.5M Loan

267 Bond Street, 495 Sackett Street & 498-510 Sackett Street
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This Development Site property located in NY received a loan of $18,500,000 about 3 years ago.

The development site at 495, 498-510 Sackett Street & 267 Bond Street in Gowanus, Brooklyn has been involved in a closed transaction. The property, with a building square footage (BSF) of 490,000, is a development site located in the Gowanus neighborhood of Brooklyn.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $59,500,000
  • Address: 495, 498-510 Sackett Street & 267 Bond Street
  • Market: Gowanus, Brooklyn
  • BSF: 490,000

The loan for this transaction was provided by Maxim Capital Group. Adam Glick, Jason Bordenick, and Josh Greene represented Maxim Capital Group as lenders. The loan amount for the transaction was $59,500,000, and it was a construction loan.

The landlord in this deal was Property Markets Group. Kevin Maloney, Ryan Shear, and Daniel Kaplan represented Property Markets Group as the landlords.

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Deals
  • Location
    267 Bond Street, Brooklyn, NY, USA267 Bond Street, Brooklyn, NY, USA
  • Loan Value
    $18,500,000$18,500,000
  • Asset Type
    Development SiteDevelopment Site

Deal Summary

LOAN IMAGE: Kevin Maloney, Ryan Shear, Daniel Kaplan, Adam Glick, Jason Bordenick & Josh Greene DATE: 06/28/2022 ADDRESS: 495, 498-510 Sackett Street & 267 Bond Street MARKET: Gowanus, Brooklyn ASSET TYPE: Development Site ~ BSF: 490,000 LENDER: Maxim Capital Group (@MaximCapitalGroup) - Adam Glick (@AdamGlick_), Jason Bordenick & Josh Greene (@JocoGree) LANDLORD: Property Markets Group (@PMGDevelopment) - Kevin Maloney, Ryan Shear & Daniel Kaplan LOAN AMOUNT: $59,500,000 LOAN TYPE: Construction

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