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Graph Group Secures $14.6 Million Refinance From Citibank For Multifamily Properties In Brooklyn

Property Image
FINANCED
$14,600,000

New York

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MultiFamily28,366 SF
Financed 02/10/2026
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Property Image
FINANCED

Graph Group Secures $14.6 Million Refinance From Citibank For Multifamily Properties In Brooklyn

132 Havemeyer Street & 654 Park Place

See Similar Deals
MultiFamily28,366 SF
Financed 02/10/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$514
Total Square Footage:28,366 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 132 Havemeyer Street and 654 Park Place in Williamsburg, Brooklyn. The total square footage of the properties is 28,366, encompassing 29 residential units. A refinance transaction was executed, securing the loan amount of $14,600,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,600,000
  • Market: Williamsburg, Brooklyn
  • Asset Square Footage: 28,366
  • Number of Units: 29
  • Lender: Citibank
  • Landlord: Graph Group
  • Previous Debt: $15.7 million from Santander Bank

Graph Group, through 132 Havemeyer St Owner LLC, is responsible for securing the refinance loan from Citibank, enhancing their financial position by replacing an existing debt obligation. This transaction involves key financial institutions and represents a strategic move in the management of their portfolio.

Players

Citibank
Citibank
LENDER

Details

FINANCED
IMAGE: 02/10/2026 ADDRESS: 132 Havemeyer Street & 654 Park Place MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ SF: 28,366 ~ UNITS: 29 LENDER: Citibank (@CitiBank) LANDLORD: Graph Group LOAN AMOUNT: $14,600,000 LOAN TYPE: Refinance NOTE: Graph Group, through 132 Havemeyer St Owner LLC, secured a $14.6 million refinance from Citibank backed by two Brooklyn properties totaling 29 residential units, replacing prior $15.7 million debt from Santander Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,600,000.00

Monthly NOI$97,333.33
Monthly Debt Service$92,281.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00