Updated Dec 15, 2025
Elichai Pariente Of EMP Capital Group Refinances Multifamily Buildings In Crown Heights For $140M
1034 Atlantic Avenue, 1042 Atlantic Avenue & 1035 Pacific Street New
$140,000,000
$225/SF
Building Size
206,692 SF
Asset Type
MultiFamily
Closing
Nov 25, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1034-1042 Atlantic Avenue & 1035 Pacific Street in the Crown Heights market of Brooklyn. The total square footage of the property is 206,692, comprising 474 residential units. This transaction involved a refinance amounting to $140,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $140,000,000
- Loan Type: Refinance
- Lender: Dennis Lopez - QuadReal Property Group
- Landlord: Elichai Pariente - EMP Capital Group
- Prior Debt Amount: $109,000,000
Key individuals in this deal include Dennis Lopez, representing QuadReal Property Group as the lender, and Elichai Pariente, who represents EMP Capital Group as the landlord. The transaction facilitated the refinancing of two residential buildings totaling 474 units in Crown Heights, Brooklyn.
On the Map
$140,000,000
$225/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn multifamily loans on Traded.
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