Scott Rechler Of RXR Realty Secures $158 Million Loan From Otera Capital For Brooklyn Properties
89 Dekalb Avenue & 152 Ashland Place
$158,000,000
Building Size
—
Asset Type
Condo
Closing
Mar 30, 2026
AI
The properties involved in the transaction are located at 89 DeKalb Avenue, which includes condo units, and 152 Ashland Place, featuring a parking lot. These properties are situated in a high-demand area of Brooklyn and have been financed through a substantial loan.
Summary of transaction details:
- Property Type: Condo & Parking Lot
- Transaction Amount: $158,000,000
- Landlord: Scott Rechler
- Agency: RXR Realty
- Lenders: Otera Capital
Scott Rechler, representing RXR Realty, is the landlord for the properties financed through the loan arranged by Otera Capital. The deal highlights the active investment and financial engagement in the Brooklyn real estate market.
Players
Avon Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93