Updated Oct 20, 2026
Yitzchok Katz Of Goose Property Management Secures $143 Million Loan From Affinius Capital In Brooklyn
441 Prospect Avenue & 467 Prospect Avenue
$143,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 17, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 441-467 Prospect Avenue in Brooklyn. The property was originally purchased for $55 million and is being redeveloped following the acquisition. A construction loan amounting to $143 million has been secured for this redevelopment project.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $143,000,000
- Lender: Affinius Capital
- Landlord: Yitzchok Katz - Goose Property Management
- Property Address: 441-467 Prospect Avenue, Brooklyn
- Loan Type: Construction
The key individuals in this transaction include Yitzchok Katz, who represents Goose Property Management as the landlord in the redevelopment project. Affinius Capital plays a crucial role as the lender financing the construction loan for this property redevelopment.
On the Map
$143,000,000
Development Site
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Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93