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K2 Real Estate Partners Secures $79 Million Refinance Loan For 165-Unit Multifamily In Brooklyn
FINANCED
$79,000,000
New York
See Similar DealsMultiFamily185,926 SF
Financed 06/06/2025
FINANCED
K2 Real Estate Partners Secures $79 Million Refinance Loan For 165-Unit Multifamily In Brooklyn
210 Clarkson Avenue
See Similar DealsMultiFamily185,926 SF
Financed 06/06/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$424
Total Square Footage:185,926 SF
Transaction Type:Loan
The property asset involved in the transaction is a multifamily building located at 210 Clarkson Avenue in Prospect Lefferts Gardens, Brooklyn. The asset has a total square footage of 185,926 and consists of 165 residential units. The refinancing of this multifamily asset involved a loan amount of $79 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $79,000,000
- Address: 210 Clarkson Avenue
- Market: Prospect Lefferts Gardens, Brooklyn
- Asset Size: 185,926 SF
- Units: 165
- Lender: Berkeley Point Capital
- Landlord: K2 Real Estate Partners, Shmuel Wallerstein & Naftali Olshwang
- Loan Type: Refinance
The key individuals involved in this transaction include K2 Real Estate Partners, along with partners Shmuel Wallerstein and Naftali Olshwang, who refinanced the property through a loan provided by Berkeley Point Capital. This deal highlights the involvement of these parties in securing financing for the 165-unit property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$79,000,000.00
Monthly NOI$526,666.67
Monthly Debt Service$499,333.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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