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21 Freeman Street

Updated Nov 18, 2025

The Domain Companies LMXD Park Tower Group Secures $114 Million Loan For Greenpoint Multifamily
FINANCEDMultiFamily

The Domain Companies LMXD Park Tower Group Secures $114 Million Loan For Greenpoint Multifamily

21 Freeman Street

$114,000,000

Units

1,000

Asset Type

MultiFamily

Closing

Aug 12, 2025

About this deal

AI

The property asset involved in this transaction is located at Greenpoint Landing, comprising three addresses: 21 Freeman Street, 37 Freeman Street, and 209 West Street in the Greenpoint market of Brooklyn. This multifamily asset consists of 1000 units and is associated with a loan amount of $114,000,000, structured as debt and equity capitalization.

Summary of transaction details:

The key individuals and companies involved in this deal include the lenders Bank OZK and InterVest, who collaborated to provide the financing. The landlords, which consist of The Domain Companies, LMXD, and Park Tower Group, played a significant role in managing the property during this transaction. The brokerage team from JLL, comprising Christopher Peck, Nicco Lupo, Rob Hinckley, and Scott Aiese, facilitated the deal.

On the Map

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$114,000,000

MultiFamily

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Players

Christopher Peck

JLL

Broker

$18.2B

vol

78 deals

Broker
Bank OZK
Bank OZKLender
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $114K per unit across 1000 units on a published $114M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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