The property involved in this transaction is a multifamily residential building located at 213 Union Avenue in Williamsburg, Brooklyn. It comprises 34 units and spans a total of 28,000 square feet. The refinancing transaction was executed with a new loan amount of $5,200,000, which replaced an existing debt of $6,400,000 held by Flagstar Bank. The price per square foot for the property stands at $187.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,200,000
• Address: 213 Union Avenue
• Market: Williamsburg, Brooklyn
• Square Footage: 28,000
• Units: 34
• Lender: Jamie Dimon - JPMorgan Chase
• Landlord: Naftali Hager, Carl Caller & Jacob Hager
• Loan Type: Refinance

Naftali Hager, Carl Caller, and Jacob Hager have engaged JPMorgan Chase to refinance their multifamily property. The refinancing represents a strategic financial move as it substitutes the previous financing held by Flagstar Bank, indicating management's focus on optimizing their financial structure in relation to the property.