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

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.