Robert Gershon borrows $34M from Berkshire for property in Williamsburg

Robert Gershon through the entity 53 Hope Street LLC as borrower signed a loan agreement with lender Berkshire Residential Investments through the entity MF1 Capital LLC valued at $34.4 million for 3 parcels containing 117 residential units at 67 Hope Street, 55 Hope Street, and 51 Hope Street in Williamsburg. The deal closed on December 21, 2020 and was recorded on January 19, 2021.
The property has 120,582 square feet of built space and available development rights.
The average loan per unit is $294,017.
The last time the property sold was December 15, 2010 for $17,000,000.
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