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1 Sullivan Place

FINANCEDMultiFamily

Arthur Wiener Of United Management Corp Secures $21 Million Refinance Loan For 1 Sullivan Place

1 Sullivan Place

$21,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 29, 2026

AI

The property asset involved in this transaction is a multifamily residential elevator building located at 1 Sullivan Place in Crown Heights, Brooklyn. The building comprises 51 units and is situated in a growing market area. The landlord is United Management Corp., represented by Arthur Wiener. The loan secured for refinancing this asset amounts to $21,000,000, provided by Goldman Sachs Bank USA.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,000,000
  • Address: 1 Sullivan Place
  • Market: Crown Heights, Brooklyn
  • Lender: Goldman Sachs Bank USA
  • Landlord: Arthur Wiener - United Management Corp.
  • Loan Type: Refinance
  • Units: 51

The deal was facilitated through the efforts of Arthur Wiener, who represents United Management Corp. in securing the refinancing for the property. Goldman Sachs Bank USA acted as the lender for this transaction, enhancing the financial positioning of the landlord through this refinancing opportunity.

Players

Goldman Sachs
Goldman SachsLender

Arthur Wiener

United Management Corp.

Landlord

$41M

vol

2 deals

Landlord

Palace MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93