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
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