Lalezarian Properties Obtains $110M Loan For Multifamily Property In Downtown Brooklyn

A multifamily property located at 257 Gold Street in Downtown Brooklyn has recently been involved in a closed transaction. The property, owned by Lalezarian Properties, consists of 375 units and has been the subject of a loan.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $110,000,000
• Units: 375
• Lender: New York Community Bank
• Landlord: Lalezarian Properties

New York Community Bank provided a loan of $110,000,000 for the acquisition or refinancing of the multifamily property at 257 Gold Street. The loan amount reflects the size and value of the property, which consists of 375 residential units. Lalezarian Properties, the landlord, facilitated the transaction.