Robert Khodadadian – Commercial Observer

A joint venture between Slate Property Group and Avenue Realty Capital has sealed $55 million of construction financing to build a Brooklyn multifamily development, Commercial Observer can first report.

White Oak Real Estate Capital provided the loan for the JV’s planned 161-unit project in East Williamsburg called 159 Boerum. The 80,000 square-foot building will include 19 affordable housing units and be one of the last delivered under New York State’s recently expired 421a program.

Newmark arranged the transaction with a team led by Dustin Stolly, Jordan Roeschlaub, Daniel Fromm and Daniel Morin.

Located at 159 Boerum Street, the building will comprise 19 stories of residential space and parking spaces for tenants. The property’s amenities will include a fitness center, outdoor space, and doorman and concierge service. 

Officials at  White Oak, Slate and Avenue Realty did not immediately return requests for comment.

Andrew Coen can be reached at acoen@commercialobserver.com

 

A joint venture between Slate Property Group and Avenue Realty Capital has sealed $55 million of construction financing to build a Brooklyn multifamily development, Commercial Observer can first report. White Oak Real Estate Capital provided the loan for the JV’s planned 161-unit project in East Williamsburg called 159 Boerum. The 80,000 square-foot building will includeRead MoreChannel, Construction, Finance, Avenue Realty Capital, Daniel Fromm, Daniel Morin, Dustin Stolly, Jordan Roeschlaub, Newmark, Slate Property Group, White Oak Real Estate Capital  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

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