Developer Charles Dayan’s Bonjour Capital has secured a $26 million loan for a residential building in the Bedford Stuyvesant neighborhood of Brooklyn.
The 12 story 56 unit rental apartment building is located at 333 Greene Av.
The funding was provided by Mercantile Bank and the deal was brokered by Shaya Sonnenschein of Eastern Union Funding.
Dayan took control of the property last year when it was already 70% completed, pushing out its original developers.
“It shows how much prices have appreciated in areas like Bed-Stuy in a short time, ” Shaya Sonnenscheintold Crain’s. “Mr. Dayan was one of a pack of smart investors who bought at condensed prices and brought unfinished projects home. Now he’s reaping the rewards.”
333 Greene is located on a tree lined street, at the confluence of Bed-Stuy and Clinton Hill, Brooklyn. It offers a collection of unique 1, 2 & 3 bedroom layouts as well as duplex residences with striking interiors, incredible amenities and stunning views all within an emerging cultural scene.
Its apartments offer floor-to-ceiling windows with city and neighborhood views. Its kitchens boast Caesarstone countertops, Carerra marble backsplashes, custom Italian Pedini cabinets and sleek stainless steel appliances. The bathrooms offer a combination of brown hues set against pure white porcelain and feature steam showers, deep soaking bathtubs and custom-built vanities. And, every unit comes with a private balcony, terrace or roof deck access.
The building’s amenities include a state- of the art fitness center, furnished indoor/outdoor lounges, on-site laundry, parking and storage available for lease and a part-time lobby attendant to assist residents with their daily needs.
The neighborhood is known for its lovely tree-lined streets, historic row houses and laid back atmosphere, offering residents a diverse range of gourmet restaurants and unique shops. Nearby attractions include Fort Greene Park, the Brooklyn Flea, Pratt Institute, the Barclays Center and a host of great transportation options including the A & C subway line at Fulton Street and the G train at Classon Avenue.