Joel Landau and Marvin Rubin secured a $155 million construction loan from Valley National Bank for the development of a 226-unit, 199,111-square-foot residential building at 600 Dekalb Avenue in Bedford Stuyvesant, Brooklyn. The deal closed with the loan price at $540 per buildable square foot. The project was permitted in July 2024. The owners acquired the property in 2015 for $15.6 million. The site has 286,552 square feet of buildable space, and the previous lender was Metropolitan Commercial Bank with a $26.5 million loan.
600 Dekalb Avenue
