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170 Freeman Street

Green Street Group Secures $34M Refinance Loan For Multifamily Asset In Brooklyn
FINANCEDMultiFamily

Green Street Group Secures $34M Refinance Loan For Multifamily Asset In Brooklyn

170 Freeman Street

$34,000,000

$577/SF

Building Size

58,835 SF

Asset Type

MultiFamily

Closing

Jul 24, 2025

AI

The property asset involved in the transaction is a multifamily building located at 170 Freeman Street in Brooklyn. The asset encompasses a total square footage of 58,835 and contains 67 units. The transaction involves a refinance loan amounting to $34,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $34,000,000
  • Loan Type: Refinance
  • Lender: Dwight Mortgage Trust
  • Landlord: Green Street Group
  • Key Individuals: David Scheer, Dustin Braham, Grant Heilman, Daniel Greenberg, Joshua Greenberg

In this transaction, David Scheer, Dustin Braham, and Grant Heilman represent the lender, Dwight Mortgage Trust. On the other side, Daniel Greenberg and Joshua Greenberg represent the landlord, Green Street Group. This collaboration highlights the roles of various stakeholders in the refinancing process of the multifamily asset.

Players

Dustin Braham

Dwight Capital

Lender

$538.4M

vol

10 deals

Lender

Joshua Greenberg

Green Street Group

Landlord

$145.7M

vol

13 deals

Landlord
GG
Green Street GroupLandlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93