Angelo Rigas Of Cos Management & Realty Refinances Brooklyn Properties With $50 Million Loan

The transaction involves multifamily and industrial properties located at 4920 Third Avenue, 5102 Third Avenue, and 4802 Third Avenue in the Sunset Park neighborhood of Brooklyn. The asset encompasses a total square footage of 305,930. The loan secured for refinancing amounts to $50,000,000.

Summary of transaction details:

• Property Type: Multifamily & Industrial
• Transaction Amount: $50,000,000
• Lender: Hirshmark Capital
• Landlord: Angelo Rigas - Cos Management & Realty
• Loan Type: Refinance
• Date: 08/22/2025
• Address: 4920 Third Avenue, 5102 Third Avenue & 4802 Third Avenue
• Market: Sunset Park, Brooklyn
• Number of Residential Units: 147

Angelo Rigas, representing Cos Management & Realty, has successfully refinanced eight properties located in Brooklyn, which contain a total of 147 residential units. This strategic financial arrangement relies on the expertise of Hirshmark Capital as the lender for this transaction.