Caspi Development Acquires Multifamily Property In Greenpoint, Brooklyn For $9.3M

The multifamily property located at 144 West Street in Greenpoint, Brooklyn has been the subject of a recent closed transaction. The property spans 17,400 square feet and consists of 22 units. The deal was facilitated by Bryan Manz, Rob Serra, Phil Bowman, and Brandon Harris of Black Bear Capital Partners, who represented the parties involved.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,325,000

The lender for this transaction was MF1 Capital, providing a two-year bridge loan with an initial floating interest rate of 5.15%. The property's landlord is Caspi Development.