Four Corners Development Group Secures $9.6M Refinance Loan For Multifamily Properties In Brooklyn | 233 Malcolm X Boulevard, 266 Malcolm X Boulevard & 860 Macon Street | Judah Hammer, Daniel Neiss | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

14,230 sqft

Four Corners Development Group has completed a refinancing deal for three properties in Brooklyn. The multifamily properties, located at 233 Malcolm X Blvd, 266 Malcolm X Blvd, and 860 Macon Street, have a total square footage of 14,230. The loan amount for the transaction was $9,573,000. The loan terms include a fixed interest rate of 5.18% for 5 years, with the first 2 years being interest only. The prepayment penalty for the loan is $32,111.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $9,573,000
Address: 233 Malcolm X Blvd, 266 Malcolm X Blvd, 860 Macon Street
Market: Brooklyn
Square footage: 14,230

The deal was facilitated by brokers Judah Hammer and Daniel Neiss from Meridian Capital Group. They represented Four Corners Development Group in the transaction.

Players

All
3

Agents
2
Agencies
1

$10.3M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Judah Hammer & Daniel Neiss DATE: 04/30/2023 ADDRESS: 233 Malcolm X Blvd, 266 Malcolm X Blvd. & 860 Macon Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 14,230 LANDLORD: Four Corners Development Group - Jason Wisotsky BROKERS: Judah Hammer (@JudahHammer) & Daniel Neiss - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $9,573,000 LOAN TYPE: Refinance LOAN TERMS: 5 YEARS FIXED RATE WITH 5.18% INTEREST RATE; 2 YEARS INTEREST ONLY; PREPAYMENT: 32111

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Address233 Malcolm X Boulevard, 266 Malcolm X Boulevard & 860 Macon Street

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