Max Weinman signs $17M refi with Arbor for new 35-unit rental in Williamsburg
50 Varet Street (Credit - Cyclomedia)
Max Weinman through the entity 45 Graham Ave LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Agency Lending, LLC valued at $17 million for the mixed-used 35-unit and retail building at 50 Varet Street, also known as 45 Graham Avenue in Williamsburg, Brooklyn. The newly constructed building is divided into four condominium units, including one for the 35 residential units, and three commercial units.
The deal closed on July 11, 2025 and was recorded on July 24, 2025. The prior lender was Ponce Bank which held debt that had an original loan amount of $18 million.The four properties have 29,085 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $585 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 signatory for Max Weinman was Max Weinman. The signatory for Arbor Realty Trust was Kenneth Dowling .
Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 45 Graham Avenue.
The block
On the tax block of 45 Graham Avenue, PincusCo has identified the owners of four of the 10 commercial properties representing 79,875 square feet of the 127,855 square feet. The largest owner is L+M Development Partners, followed by Mordechai Halberstam and then Max Weinman.
On the tax block, there was one new building construction project filed totaling 29,699 square feet. It is a 35-unit, 29,699 square-foot residential (R-2) building submitted by Max Weinman with plans filed December 11, 2018 and permitted April 12, 2022.
The majority, or 41 percent of the 127,855 square feet of built space are elevator buildings, with walkup buildings next occupying 39 percent of the space.
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