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
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