Yosef Beer signs $21.5M construction loan with Broadview Capital for development in Williamsburg

Yosef Beer and David Y. Goldstein through the entity 100 Lee Development LLC as borrower signed a new construction loan with lender Broadview Capital valued at $21.5 million for the 15-unit development at 100 Lee Avenue in Williamsburg, Brooklyn.

On the lot, there is one active new building construction project, B01117992, for a 15-unit, 38,291 square-foot residential (R-2) building. The project was submitted by Yosef Beer with plans filed September 30, 2024, and permitted August 5, 2025.
The deal closed on October 21, 2025 and was recorded on October 27, 2025. The prior lender was Broadview Capital which held debt that had an original loan amount of $3 million.
The signatory for Yosef Beer and David Y. Goldstein was Yosef Beer and David Y. Goldstein. The signatory for Broadview Capital was Lawrence Andelsman .

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $28,750 in ECB penalties and $33,360 in OATH penalties in the last year.

The neighborhood

In Williamsburg, The bulk, or 39 percent of the 50.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 25 percent of the space. In sales, Williamsburg has the 5th highest sale turnover among other neighborhoods in the city with $1.9 billion in sales volume in the last two years. For development, Williamsburg is the most active neighborhood among other neighborhoods. It had 41.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 83 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the seven commercial properties representing 30,576 square feet of the 75,390 square feet. The identified owner is David Oberlander.
On the tax block, there was one new building construction project filed totaling 38,291 square feet. It is a 15-unit, 38,291 square-foot residential (R-2) building submitted by Yosef Beer and filed by Yosef Beer with plans filed September 30, 2024 and permitted August 5, 2025.

The majority, or 41 percent of the 75,390 square feet of built space are elevator buildings, with walkup buildings next occupying 26 percent of the space.

The borrower

The PincusCo database currently indicates that Yosef Beer owned at least four commercial properties with eight residential units in New York City with 16,490 square feet and a city-determined market value of $3.4 million. (Market value is typically about 50% of actual value.) The portfolio has $15 million in debt, borrowed from Broadview Capital. Within the portfolio, the bulk, or 61 percent of the 16,490 square feet of built space are industrial properties, with C0 properties next occupying 21 percent of the space. The bulk, or 79 percent of the built space, is in Bronx, with Brooklyn next at 21 percent of the space.

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