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March 13, 2024

BK 187-Unit Mixed-Income Lands $121M Financing

BEB Capital, Totem, Ofer Cohen, and SK Development have secured $121 million in financing for the development of a 14-story, 187-unit mixed-income housing and retail project at 737 4th Avenue in Sunset Park, Brooklyn.

The Walker & Dunlop New York Capital Markets team led by Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, and Michael Ianno acted as the exclusive advisor and secured the financing on behalf of the ownership team. The development is scheduled for completion in Fall 2025.

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