189 Cooper St, Brooklyn

Property Overview

189 Cooper St, Bushwick, Brooklyn, NY, is a 13-unit boutique condominium, built in 2018.

189 Cooper St is located one block from the L train and less than half a mile from the JMZ trains providing easy commutes to/from Manhattan and throughout Brooklyn.

Situation Overview

Brookland Capital owns the building unencumbered and is seeking a $5 million first lien mortgage. 11 out of the 13 units are in contract to sell for $5.3 million ($6.2 million total sell out.) 95% of the building is completed.

Borrower Overview

Brookland Capital is a real estate development and investment firm that specializes in the acquisition and development of real assets, primarily in Brooklyn. Brookland has completed over 30 projects in the area and is considered to be among the top private developers in Brooklyn.