Updated Oct 10, 2026
Bruklyn Builders Inc Secures $41.2M Refinance Loan For Multifamily Property In Downtown Brooklyn
127 Concord Street
$41,200,000
$588/SF
Building Size
70,000 SF
Asset Type
MultiFamily
Closing
Dec 29, 2023
About this deal
AI
The multifamily property located at 127 Concord Street in Downtown Brooklyn has recently undergone a refinance transaction. With a total square footage of 70,000 square feet, this property is owned by Bruklyn Builders Inc. The loan, amounting to $41,200,000, was provided by Andrew Tichy, Katie Goldenberg, Dustin Braham, and Grant Heilman from Dwight Mortgage Trust.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $41,200,000
- Address: 127 Concord Street
- Market: Downtown Brooklyn
- Lender: Andrew Tichy, Katie Goldenberg, Dustin Braham, Grant Heilman - Dwight Mortgage Trust
- Landlord: Bruklyn Builders Inc
- Broker: Pinchas Vogel - Landstone Capital Group
Pinchas Vogel from Landstone Capital Group served as the broker in this transaction, representing the parties involved. This refinancing deal offers improved financial arrangements for the property owned by Bruklyn Builders Inc.
On the Map
$41,200,000
$588/SF
MultiFamily
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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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93