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Z&G Property Group Secures $41 Million Acquisition Loan From Invesco For Brooklyn Multifamily Portfolio

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FINANCED
$41,000,000

New York

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MultiFamily
Financed 08/07/2025
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Property Image
FINANCED

Z&G Property Group Secures $41 Million Acquisition Loan From Invesco For Brooklyn Multifamily Portfolio

265 Washington Avenue & 238 Hall Street

See Similar Deals
MultiFamily
Financed 08/07/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves a multifamily asset portfolio located in the Brooklyn market, consisting of multiple addresses including 265 Washington Avenue, 238 Hall Street, 1 MacDonough Street, 76 Desales Place, 81 Eldert Street, 277 Woodbine Street, 320 Eckford Street, 321 20th Street, 160 Stuyvesant, 164 Stuyvesant, 16-13 Hancock, 333 Warren, 557 17th Street, and 559 17th Street. The acquisition loan amounts to $41,000,000, facilitated by Invesco as the lender.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $41,000,000
  • Lender: Invesco
  • Landlord: Z+G Property Group
  • Broker: Daniel Fromm - Newmark

The deal prominently features Daniel Fromm representing Z+G Property Group through Newmark, highlighting the collaborative efforts in securing the financing for the acquisition of the asset portfolio.

Players

Daniel Fromm
82 deals$5.3B volume
BROKER

Newmark
BROKERAGE

Details

FINANCED
IMAGE: Daniel Fromm & Jay Greenberg DATE: 8/7/2025 ADDRESS: Portfolio - 265 Washington Avenue, 238 Hall Street, 1 MacDonough Street, 76 Desales Place, 81 Eldert Street, 277 Woodbine Street, 320 Eckford Street, 321 20th Street, 160 Stuyvesant, 164 Stuyvesant, 16-13 Hancock, 333 Warren, 557 17th Street & 559 17th Street MARKET: Brooklyn ASSET TYPE: Multifamily LENDER: Invesco LANDLORD: Z+G Property Group BROKER: Daniel Fromm (@Ddwb) - Newmark (@Newmark) LOAN AMOUNT: $41,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,000,000.00

Monthly NOI$273,333.33
Monthly Debt Service$259,147.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00