Dwight Capital Finances Jeff Stuek Jr Green Street Group 34M Refinance 67-Unit Greenpoint Multifamily
1036 Manhattan Avenue
$34,000,000
$610/SF
Building Size
55,716 SF
Asset Type
MultiFamily
Closing
Jul 25, 2025
AI
The asset is a multifamily property comprising 67 residential units and 55,716 square feet of space, located at 1036 Manhattan Avenue in Greenpoint, Brooklyn.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Property Address: 1036 Manhattan Avenue
- Market: Greenpoint, Brooklyn
- Square Footage: 55,716
- Units: 67
- Lender: Dwight Capital
- Landlord: Jeff Stuek Jr - Green Street Group
Key figures behind the deal include Jeff Stuek Jr of Green Street Group as the landlord and Dwight Capital as the lender. The transaction occurred on 07/25/2025. The note indicates that Green Street Group refinanced the property, replacing $26,000,000 in prior debt.
Players
Brooklyn 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93