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Steiner NYC Gets $149M Loan to Refinance Brooklyn Mixed-Use Development

The property spans 696,000 square feet.

By Anthony Russo | December 06, 2024 at 09:45 AM

Steiner NYC is getting a $148.5 million loan from Walker & Dunlop so it can refinance its eight-acre land mixed-use property in the Brooklyn Navy Yard, which is currently going through a redevelopment.

Admirals Row spans 696,000 square feet and is home to the first Wegmans supermarket in a New York City submarket. Admirals Row also includes 350,000 square feet of manufacturing and light industrial space, more retail space, parking that can hold more than 700 spots, and a community facility. Brooklyn Navy Yard Development Corporation has a master lease for the manufacturing portion.

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