facebook
Traded Co logo
Submit

Quinlan Development Group Refinances Multifamily Property In Clinton Hill For $56M

Property Image
FINANCED
$56,000,000
Zachary (Zach) Kraft
Gideon Gil
Sebastian Sanchez

New York

See Similar Deals
MultiFamily122,040 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Quinlan Development Group Refinances Multifamily Property In Clinton Hill For $56M

230 Classon Avenue

See Similar Deals
MultiFamily122,040 SF
Financed
Zachary (Zach) Kraft
Gideon Gil
Sebastian Sanchez
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$458
Total Square Footage:122040 SF
Transaction Type:Loan

The multifamily property located at 230 Classon Avenue in Clinton Hill, Brooklyn spans 122,040 square feet. The property was part of a refinancing deal with a loan amount of $56,000,000 provided by QuadReal. The landlord involved in the transaction is Quinlan Development Group. The deal was facilitated by brokers Gideon Gil, Zachary Kraft, and Sebastian Sanchez from Cushman & Wakefield.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $56,000,000
  • Address: 230 Classon Avenue
  • Market: Clinton Hill, Brooklyn

The brokers from Cushman & Wakefield, Gideon Gil, Zachary Kraft, and Sebastian Sanchez, played a significant role in the refinancing deal for the multifamily property. The lender, QuadReal, provided the necessary funds, and the landlord, Quinlan Development Group, oversaw the transaction, ensuring a successful refinancing process.

Players

Gideon Gil
Cushman & Wakefield
Gideon Gil
48 deals$11.1B volume
BROKER
Zachary (Zach) Kraft
Cushman & Wakefield
Zachary Kraft
22 deals$3.8B volume
BROKER
Sebastian Sanchez
Cushman & Wakefield
Sebastian Sanchez
9 deals$862.6M volume
BROKER
QuadReal
QuadReal
LENDER

Details

FINANCED
IMAGE: Gideon Gil, Zachary Kraft & Sebastian Sanchez DATE: 06/21/2024 ADDRESS: 230 Classon Avenue MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily ~ SF: 122,040 LENDER: QuadReal LANDLORD: Quinlan Development Group (@Quinlan_Development) BROKERS: Gideon Gil, Zachary Kraft & Sebastian Sanchez - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $56,000,000 LOAN TYPE: Refinance

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$56,000,000.00

Monthly NOI$373,333.33
Monthly Debt Service$353,958.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00