Meir Daus and Elad Ben-Kimon, through Devoe Condominiums LLC, secured a $10 million construction loan from Genesis Capital for their project at 107-109 Devoe Street in Williamsburg, Brooklyn. The loan supports the development of an eight-unit, 9,998 square-foot residential building. The properties have 2,612 square feet of existing space and 7,372 square feet of additional air rights, totaling 9,996 square feet in buildable area. The parcel has a frontage of 50 feet and a depth of 100 feet. The zoning is R6B, allowing up to 2 times FAR for residential use.
Meir Daus and Elad Ben-Kimon
