Z&G Property Group And Carlyle Group Obtain $80 Million Loan For Brooklyn Multifamily Asset
FINANCED
New York
See Similar DealsMultiFamily129,905 SF
Financed
FINANCED
Z&G Property Group And Carlyle Group Obtain $80 Million Loan For Brooklyn Multifamily Asset
130 2nd Street
See Similar DealsMultiFamily129,905 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$615
Total Square Footage:129905 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 130 2nd Street in Brooklyn. It encompasses a total square footage of 129,905. The acquisition loan amount secured for the property is $80,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Address: 130 2nd Street
- Market: Brooklyn
- Lender: Invesco Real Estate
- Landlord: Z+G Property Group & Carlyle Group
- Brokers: Geoff Goldstein & Steven Klein - JLL
- Loan Type: Acquisition
This transaction was facilitated by Geoff Goldstein and Steven Klein, who acted as the brokers representing the deal. The landlords of the property are Z+G Property Group and Carlyle Group, who were key participants in securing the acquisition loan from Invesco Real Estate.
Players
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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