GoodFriend Management signs $27.4M refi loan with Rialto Capital for storage in Sheepshead Bay

GoodFriend Management through the entity Knapp Storage Spe, LLC as borrower signed a refi loan with lender Rialto Capital through the entity Fs Creit Originator LLC valued at $27.4 million for the storage building (E7) at 2727 Knapp Street in Sheepshead Bay, Brooklyn.
The deal closed on November 18, 2021 and was recorded on December 2, 2021.
The property has 102,932 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $266 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on August 14, 2013, for $5.3 million.
The signatory for Stephen L. Clark was Stephen L. Clark.
(320592248)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on May 18, 2016. (320592248) Plans for a 99,981 square-foot S-1 were filed on November 15, 2013 and were permitted on March 11, 2015.
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