United Management Corp Refinances 49-Unit Residential Building In Crown Heights With $20M Loan From Truist Bank

1 Sullivan Place Brooklyn, Ny 11225, Usa

$20,000,000

$379/SF

Building Size

52,670 SF

Asset Type

MultiFamily

Closing

Jun 30, 2023

AI

United Management Corp has successfully finalized a $20 million refinance loan with Truist Bank for a 49-unit residential elevator building located at 1 Sullivan Place in Crown Heights, Brooklyn. The multi-family property spans approximately 52,670 square feet and consists of 49 residential units.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $20,000,000
Address: 1 Sullivan Place, Crown Heights, Brooklyn
Market: Crown Heights, Brooklyn
Lender: Truist Bank - Christopher Smulski
Landlord: United Management Corp - Arthur Wiener

Christopher Smulski, representing Truist Bank, facilitated the loan for this property. Arthur Wiener, representing United Management Corp, oversaw the refinancing process. The transaction marks a significant milestone in the financial history of this multi-family property in Crown Heights, Brooklyn.

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