Hudson Cos Acquires Multifamily Property In East Williamsburg For $66M Loan From PGIM Private Capital

The multifamily property located at 19 Debevoise Avenue in East Williamsburg has been acquired in a closed transaction. The property consists of 557 units and is owned by Hudson Cos. It is situated in a prime location in East Williamsburg, offering potential for growth and investment opportunities.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Loan Type: Acquisition

The lender for this transaction is PGIM Private Capital. They provided a loan amount of $66,000,000 to facilitate the acquisition. This loan will support the new ownership in their investment strategy and future growth plans for the property.

David Kramer was the representative from Hudson Cos in this deal. He played a crucial role in ensuring a successful transaction and representing the interests of the landlord throughout the process.