Acquisition · Williamsburg
235-237 Kent Avenue trades for $16.4M
Dalan Real Estate and CSFG7 bought two adjoining mixed-use buildings spanning 13,575 square feet on the Williamsburg waterfront, now marketed as an 11-unit boutique residential building with ground-floor commercial space.
- Amount
- $16.4M
- Type
- Acquisition
- Date
- Jul. 2026
235-237 Kent Avenue, Brooklyn, NY
Recorded in NYC property records.
- Buyer
- Dalan Kent Ave TIC LLC (Dalan Real Estate)
- Buyer
- CSFG7 (US) Holding LLC
- Seller
- 235-237 Kent Owner LLC (DAX Real Estate)
- Lender
- Shinhan Bank America
- Buyers Dalan Real Estate and CSFG7 now market the combined property directly as an 11-unit boutique residential building with ground-floor commercial.
- The seller's prior lender position (First Horizon Bank, IBERIABANK, Gibraltar Private Bank) was satisfied and assigned as part of the sale.
- The site carries split industrial/residential (M1-2/R6A/R6B) zoning typical of the rezoned Williamsburg waterfront.
Overview
In July 2026, Dalan Real Estate and CSFG7 (US) Holding LLC, as tenants-in-common through Dalan Kent Ave TIC LLC, paid $16.4 million to acquire two adjoining mixed-use buildings at 235 and 237 Kent Avenue on the Williamsburg waterfront from DAX Real Estate. The same closing recorded $9.79 million in acquisition financing and a smaller $1.07 million mortgage, both with Shinhan Bank America, while the seller's prior lender position -- held by First Horizon Bank, IBERIABANK, and Gibraltar Private Bank and Trust Company -- was satisfied and assigned as part of the sale.
The property spans 13,575 square feet across the two buildings, which sit on a split industrial/residential (M1-2/R6A/R6B) zoning designation typical of the rezoned Williamsburg waterfront. Dalan now markets the combined property directly, describing it as an 11-unit boutique residential building with ground-floor commercial space.
A Williamsburg waterfront mixed-use property changed hands for $16.4 million with real, identifiable institutional financing (Shinhan Bank America) behind the purchase -- not yet in Hush Street's Williamsburg registry, and a useful marker for how actively this corridor's smaller mixed-use buildings are still trading.
Parties Involved 4 recorded
Basis
Named as party2 (grantee) on the ACRIS DEED document and as party1 (borrower) on the accompanying financing documents, alongside CSFG7 (US) Holding LLC. Independently confirmed by Crain's New York Business, PincusCo, and Dalan Real Estate's own news and rental-listing pages, all describing Dalan as the acquiring/operating owner.
Basis
Named as party2 (grantee) on the ACRIS DEED document alongside Dalan Kent Ave TIC LLC, and as co-borrower on the accompanying financing documents.
Basis
Named as party1 (grantor) on the ACRIS DEED document, with its address of record c/o DAX Real Estate.
Basis
Named as party2 (mortgagee) on all three same-day financing documents (MTGE, AGMT, AL&R) naming Dalan Kent Ave TIC LLC and CSFG7 as borrower -- the actual new acquisition lender, not the bank pair the source capital-activity entry cited.
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
Sources & Recordsverification, citations & data notes
- ACRIS Document Detail -- DEED — NYC ACRIS
- ACRIS Document Detail -- AGMT — NYC ACRIS
- Investment firm buys Williamsburg mixed-use building for $16.4M — Crain's New York Business
- Dalan, CSFG, pay $16.4M to DAX Real Estate for mixed-use rentals in Williamsburg — PincusCo
- 237-235 Kent Ave | Apartments in Brooklyn, NY — Dalan Rentals