Z&G Property Group Acquires Multifamily Property In Bushwick, Brooklyn For $1.7M

The recently closed transaction involved a multifamily property located at 277 Woodbine St. in the Bushwick neighborhood of Brooklyn. The property has a total square footage of 3,400 and consists of three units. The market value of this asset was not specified in the provided information.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Lender: H Equities - Elliot Horowitz
• Landlord: Z+G Property Group - Jay Greenberg
• Loan Type: Acquisition
• Loan Terms: 85% LTC

H Equities, represented by Elliot Horowitz, provided a loan of $1,700,000 for the acquisition of the property. The loan was closed at an 85% loan-to-cost (LTC) ratio within a tight timeframe. H Equities is actively seeking additional bridge financing opportunities and can be contacted at [email protected] or 917-748-1955. Z+G Property Group, represented by Jay Greenberg, is the landlord of the property and has plans to acquire more 6-family and under properties in the Brooklyn submarket. For potential opportunities, please reach out to [email protected].