Erik Ekstein’s E+T Development Group borrows $11M from S3 Capital for acqusition of vacant land in Bushwick

Erik Ekstein’s E+T Development Group through the entity 1333 Broadway LLC as borrower signed a loan agreement with lender S3 Capital through the entity S3 Re Funding Iii LLC valued at $11.3 million for 1 parcel, including the tax class zoned primarily residential, except not Manhattan below 110th Street (V3) at 1325 Broadway in Bushwick. The deal closed on December 6, 2019 and was recorded on December 10, 2019.

The last time the property sold was December 6, 2019, when Ekstein bought it for $16,695,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 40,490 square feet.
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