Jay Group Secures $170 Million Refinance Loan From New York Life Insurance For Mixed-Use Asset
101 Fleet Place
$170,000,000
$566/SF
Building Size
300,000 SF
Asset Type
Mixed-use
Closing
Jul 10, 2025
AI
The property asset involved is a mixed-use building located at 101 Fleet Place in Brooklyn. The asset has a total square footage of 300,000 and the transaction involves a refinance loan amounting to $170,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $170,000,000
- Lender: New York Life Insurance
- Landlord: Jay Group, Isaac Chetrit, Eli Chetrit & Jacob Aini
- Broker: Henry Bodek - Galaxy Capital
- Loan Type: Refinance
- Loan Date: 7/11/2025
The deal features key individuals such as the landlords Jay Group along with Isaac Chetrit, Eli Chetrit, and Jacob Aini, who play significant roles in the transaction. Henry Bodek from Galaxy Capital serves as the broker representing the interests in this refinance deal.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93