Daily limit: 0/10
Matthew Rooney Of MDG Design & Construction Secures $448.7M Rehab Loan For Williamsburg Multifamily Properties
FINANCED
$448,700,000
New York
See Similar DealsMultiFamily3,651,663 SF
Financed 09/25/2025
FINANCED
Matthew Rooney Of MDG Design & Construction Secures $448.7M Rehab Loan For Williamsburg Multifamily Properties
142 Leonard Street, 226 Humboldt Street & 202 Graham Avenue
See Similar DealsMultiFamily3,651,663 SF
Financed 09/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$122
Total Square Footage:3,651,663 SF
Transaction Type:Loan
The transaction involves multifamily properties located at 142 Leonard Street, 226 Humboldt Street, and 202 Graham Avenue in Williamsburg, Brooklyn. The total square footage of the assets is 1,217,221, comprising 1,620 units. The transaction falls under construction loan type with a loan amount of $448,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $448,700,000
- Square Footage: 1,217,221
- Units: 1,620
- Lender: NYC Housing Development Corporation
- Landlord: Matthew Rooney - MDG Design + Construction
- Date: September 25, 2025
MDG Design + Construction’s Partnership Community Housing Development Fund secured the loan for the rehabilitation of five properties located in Williamsburg, Brooklyn, enhancing the housing landscape in the area with a focus on community development.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$448,700,000.00
Monthly NOI$2,991,333.33
Monthly Debt Service$2,836,089.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions