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Elichai Pariente Of EMP Capital Group Refinances Multifamily Buildings In Crown Heights For $140M
FINANCED
$140,000,000
New York
See Similar DealsMultiFamily620,076 SF
Financed 11/25/2025
FINANCED
Elichai Pariente Of EMP Capital Group Refinances Multifamily Buildings In Crown Heights For $140M
1034 Atlantic Avenue, 1042 Atlantic Avenue & 1035 Pacific Street New
See Similar DealsMultiFamily620,076 SF
Financed 11/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:620,076 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$140,000,000.00
Monthly NOI$933,333.33
Monthly Debt Service$884,895.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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