Yoel Goldman’s All Year Management borrows $13M from Dov Braun’s Nexus Capital Investments for property in East Williamsburg

Yoel Goldman’s All Year Management through the entity Flushing Stewart LLC as borrower signed a loan agreement with lender Dov Braun’s Nexus Capital Investments through the entity ZF Capital Holdings LLC valued at $12.5 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 25 Stewart Avenue in East Williamsburg. The deal closed on November 26, 2019 and was recorded on December 10, 2019.
The property has 84,332 square feet of available development rights.
The average loan per buildable square foot is $148.
The last time the property sold was March 12, 2019, for $14,300,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 94,313 square feet. Those plans include a total of 140 residential units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link