uuid

dealPage_DealQuery

viewer

wrapper_Viewer

dealPage_dealHeaderViewer

dealPage_DealPassReasonViewer

dealPage_DealInquiryProviderViewer

dealPage_DealFooterForCustomDesignViewer

dealPage_DealBodyViewer

dealPage3_DealPage3Viewer

teaserDealPage_TeaserDealPage_Viewer

content

wrapper_Content

deal

type

dealName

dealHeadline

filesUrl

viewerIsEditor

dealEditUrl

files

dealPageType

landingPageContent

dealPage_dealOwnerHeader

dealPage_dealHeader

dealPage_dealBody

dealPage_dealMap

dealPage_dealPassReasonFooter

dealMeta_Deal

dealPage_DealHeaderForCustomDesign

dealPage_DealBodyForCustomDesign

dealPage_DealFooterForCustomDesign

dealPage_DealInquries

vdrTable_VdrTableDeal

dealPage3_DealPage3

teaserDealPage_TeaserDealPage

actor

canFavoriteDeals

demoUrl

dealPageUrl

dealTypes

highlightedEconomics

totalDealSizeMillions

addresses

economics

teaser

offeringMemo

user

galleryFiles

propertyTypes

riskProfiles

dealDescription

richDescription

shouldSpotlightDealUser

highlightedUsers

ownerCompanies

sponsorEquityMillions

financedPreferredEquityMillions

financedPreferredEquityFilled

financedPermanentLoanMillions

financedPermanentLoanFilled

financedMezzLoanMillions

financedMezzLoanFilled

financedLpjvEquityMillions

financedLpjvEquityFilled

financedLandLoanMillions

financedLandLoanFilled

financedConstructionLoanMillions

financedConstructionLoanFilled

financedCogpEquityMillions

financedCogpEquityFilled

financedBridgeLoanMillions

financedBridgeLoanFilled

sponsorEquityPercent

financedCogpEquityPercent

financedLpjvEquityPercent

financedPreferredEquityPercent

financedMezzLoanPercent

financedConstructionLoanPercent

financedBridgeLoanPercent

financedPermanentLoanPercent

financedLandLoanPercent

inquiries

company

viewerPassReasons

potentialPassReasons

pageDesign

visibility

thumbnailImage

publicImage

dashboardUrl

approvalWorkflow

<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F87165e1a-bdba-4ca6-a94c-acb503a7d1bd%2F65d3dd18-cfde-4f7c-851d-53f9d4a65a86" onerror="this.style.display='none'" alt="400 Dewitt Avenue Image" style="object-fit: cover; width: 200px;" />
 Industrial 
 
 400 Dewitt Avenue
 
 Brooklyn, NY 
 By Meridian Capital Group

 <a href="/user/611b6d87-be21-4577-a987-6b6eac21dae0" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">David Schechtman</a>
 
 Senior Executive Managing Director
 
 
 <a href="tel:212-468-5907" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">212-468-5907</a>
 

 <a href="https://platform.reverecre.com/project/87165e1a-bdba-4ca6-a94c-acb503a7d1bd" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Meridian has arranged financing for many of the country’s leading real estate investors and developers. The experts on our in-house underwriting and placement teams tailor creative, best-in-class solutions for our clients’ unique needs.

Clients benefit from our long-standing relationships with more than 250 traditional and non-traditional lenders, including local, regional, and national banks; CMBS lenders; agency lenders; mortgage REITs; life insurance companies; credit unions; private equity funds; and other specialty finance firms.

Service is Meridian’s hallmark, which in tandem with substantial experience across our three divisions has allowed us to achieve the most accretive and creative solutions for our clients in a seamless process that maximizes value at every step. Meridian’s clients also benefit from our unparalleled, real-time market intelligence and our deep relationships with a full array of local, national, and international buyers, enabling us ot target a subset of the most likely buyers of any given property.

Meridian’s investment sales division distinguishes itself with our intimate knowledge of New York City real estate, having a detailed understanding of not only how tenancies and cash flows drive value, but also how zoning, land use, air rights, and alternative uses are integral parts of a property’s economics.

Meridian’s retail leasing team understands the market, knows the active operators, and cultivates targeted opportunities for each asset to achieve favorable results for our clients. Our retail leasing knowledge is further supported by the company’s unparalleled access to information and comparables via the firm’s debt capital markets and investment sales businesses, providing clients with exceptional service and in-depth market insights.

Senior Executive Managing Director

400 Dewitt Avenue is a pristine 27,500 GSF single-story industrial building featuring 20’ clear-ceiling heights, two overhead rollup doors, frontage on three streets, 10 on-site parking spaces and is 100% sprinklered.

The electricity bill is significantly reduced through solar-powered system on the roof and credits received by National Grid.

With frontage on three streets, including Dewitt Avenue a 70’ street, and ceiling heights exceeding 20’, 400 Dewitt Avenue is flooded with excellent natural light/air.

Established last mile distribution and logistics center surrounded by world class companies such as Amazon, FedEx, and Verizon.

Prime industrial hub connecting New York City and Long Island with excellent proximity to main thoroughfares such as the Belt Parkway and East New York Railroad Yard.

Sales Team

Mr. Schechtman joined Meridian Investment Sales in April 2015 as a Senior Executive Managing Director, overseeing a team of originators, analysts and other professionals. Mr. Schechtman is widely recognized as one of the most active and respected investment sales brokers in New York City, where he executes transactions throughout the City and across all asset classes, with particular emphasis on Note Sales and Bankruptcies, including multifamily, retail, office, industrial as well as land and conversions.

While Mr. Schechtman routinely sells stabilized properties, he is acclaimed for his ability to work through complex transactions and recognize hidden value in various asset classes. A former bankruptcy litigator, he regularly is retained by major institutions to value and market senior, secured first mortgages. Over his career, Mr. Schechtman has completed more than $6.2 billion in real estate sales transactions. In 2015 alone, Mr. Schechtman completed more than 38 transactions totaling over $1 billion in proceeds.

Prior to joining Meridian, he held the position of Principal and Executive Managing Director at Eastern Consolidated, where he was named "Broker of the Year" on multiple occasions. Prior to Eastern, Mr. Schechtman was a practicing attorney at DLA Piper in New York, where he specialized in commercial and property-related bankruptcy and litigation. Mr. Schechtman has been publicly recognized by The Real Deal as a "Titan"; on two occasions as among the "25 Most Visible New York City Real Estate Players Post Credit-Crunch" by The Commercial Observer in its "Power Broker" rankings; by The Real Deal as one of the "25 Most Visible New York City Real Estate Players Post-Credit Crunch"; and by Real Estate Weekly as one of New York City's "Rising Stars."

Mr. Schechtman holds a J.D. from the Benjamin Cardozo School of Law where he graduated Magna Cum Laude and a B.A. from University of Delaware.

Overview

Investment Highlights

Photo Gallery

Sales Team

Inquire