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1885 Atlantic Avenue

Perry Katz Of Affinius Capital Provides $36M Refinance Loan To The Jay Group For Multifamily In Brooklyn
FINANCEDMultiFamily

Perry Katz Of Affinius Capital Provides $36M Refinance Loan To The Jay Group For Multifamily In Brooklyn

1885 Atlantic Avenue

$36,000,000

Building Size

Asset Type

MultiFamily

Closing

Sep 30, 2025

AI

The asset involved in this transaction is a multifamily building located at 1885 Atlantic Avenue, Greenpoint, Brooklyn. The building consists of 89 units and was completed in 2024. Affinius Capital has provided a loan for refinancing purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $36,000,000
  • Lender: Perry Katz - Affinius Capital
  • Landlord: The Jay Group
  • Broker: Henry Bodek - Galaxy Capital
  • Loan Type: Refinance

This refinancing deal features key individuals including Perry Katz, representing Affinius Capital, who facilitated the loan for The Jay Group, the landlord of the property. Henry Bodek from Galaxy Capital acted as the broker in this transaction.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker
Galaxy Capital
Galaxy CapitalBrokerage
Affinius Capital
Affinius CapitalLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93