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127 Concord Street

Updated Oct 10, 2026

Bruklyn Builders Inc Secures $41.2M Refinance Loan For Multifamily Property In Downtown Brooklyn
FINANCEDMultiFamily

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

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$41,200,000

$588/SF

MultiFamily

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Players

Pinchas Vogel

Landstone Capital Group

Broker

$2.3B

vol

31 deals

Broker
Bruklyn Builders
Bruklyn BuildersBuyer
Dwight Capital
Dwight CapitalLender
Bruklyn Builders
Bruklyn BuildersLandlord
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $588 per square foot on a published $41.2M for 70,000 square feet (2023).

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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

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