Seagis Property Group borrows $6M from Nuveen for industrial property in Brooklyn

Seagis Property Group through the entity SPG 1010 Stanley LLC as borrower signed a loan agreement with lender Nuveen through the entity Teachers Insurance And Annuity Assoc. Of America valued at $6.3 million for 1 parcel, including the tax class heavy manufacturing, fireproof building (F1) at 1010 Stanley Avenue in Brooklyn. The deal closed on May 21, 2020 and was recorded on May 27, 2020.
The property contains a total of 42,500 square feet of built space.

This is part of a larger loan package that totals $139 million from Nuveen. The last time the property sold was September 6, 2017, for $9,650,000.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $59,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link