Updated Sep 30, 2025
Apollo Global Management Provides $29.1M Loan For Multifamily Property In Sheepshead Bay
2211 Emmons Avenue, Sheepshead Bay, Brooklyn, NY 11235, USA
$29,100,000
$296/SF
Building Size
98,250 SF
Asset Type
MultiFamily
Closing
Jun 18, 2021
About this deal
AI
The multifamily property located at 2211 Emmons Avenue in Sheepshead Bay has been involved in a loan transaction. The loan amount provided by Apollo Global Management amounted to $29,100,000. The property consists of 104 units and spans 98,250 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,100,000
- Address: 2211 Emmons Avenue
- Market: Sheepshead Bay
- Loan Provider: Apollo Global Management
- Landlord: Brookfield Asset Management
- Square Footage: 98,250
- Number of Units: 104
In this transaction, the lender, Apollo Global Management, provided the loan amount for the multifamily property. The landlord of the property is Brookfield Asset Management.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93