29 Grand Avenue lands $13.1M

Overview

On August 7, 2026, 29 Grand Bess, LLC closed a $13.1 million mortgage with National Bank of Canada, a major Canadian bank with a Manhattan commercial lending office, against 29 Grand Avenue in Fort Greene. The mortgage was recorded August 27, 2026; a second, same-day document on the same filing shows a related $3.4 million mortgage, likely part of the same financing package.

NYC property records list the existing structure at this address as a parking garage (building class G7), with no residential units on the lot -- a use that sits well below what $13 million-plus in new institutional mortgage debt would typically support, the kind of mismatch that, elsewhere in Brooklyn, has preceded acquisition or pre-development financing ahead of a future redevelopment. No filed plans, permits, or public announcement describing specific redevelopment intentions for the site have been found.

A sizable institutional mortgage from a major bank, placed on a Fort Greene property city records still classify as an underbuilt parking garage -- the kind of financing pattern worth watching for what it may signal about the site's future, even with no filed plans yet to confirm it.

Parties Involved 2 recorded

Counts and combined values are computed from Hush Street’s own published Deal records only. “Combined” is the total value of the transactions a party appears on, not capital deployed by that party, and two parties on the same transaction each reflect its full amount. Not a career or market total.

Marks shown are Hush Street editorial monograms, generated from each party’s recorded name — not official company logos.

Property & Project