Wells Fargo Bank Provides $567.6M Loan For Multifamily Property In East New York

This multifamily property located at 180 Bethel Loop in East New York recently closed a transaction with a loan from Wells Fargo Bank. The property is also known as Starrett City and consists of 1266 & 1325 Pennsylvania Avenue. The loan amount for this transaction was $567,567,000. The landlords involved in the deal are Brooksville Company and Rockpoint Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $567,567,000
• Address: 180 Bethel Loop, 1266 & 1325 Pennsylvania Avenue AKA Starrett City
• Market: East New York

This transaction was facilitated by Wells Fargo Bank, providing the loan for the property purchase. The landlords, Brooksville Company and Rockpoint Group, played a crucial role in the deal as well.