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Joseph Brunner Of Bruman Realty Refinances Multifamily Property At 296 Wythe Avenue For $52M

Property Image
FINANCED
$52,000,000
JB
JC

New York

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MultiFamily84,145 SF
Financed 10/31/2025
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Property Image
FINANCED

Joseph Brunner Of Bruman Realty Refinances Multifamily Property At 296 Wythe Avenue For $52M

296 Wythe Avenue

See Similar Deals
MultiFamily84,145 SF
Financed 10/31/2025
JB
JC
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$618
Total Square Footage:84,145 SF
Transaction Type:Loan

A multifamily residential building located at 296 Wythe Avenue in Williamsburg, Brooklyn, is the subject of the loan transaction. The property comprises 84,145 square feet and includes 55 residential units. The transaction involves refinancing with a loan amount of $52,000,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $52,000,000
  • Lender: Jacques Chappuis - PGIM
  • Landlord: Joseph Brunner - Bruman Realty
  • Loan Type: Refinance
  • Previous Lender: Deutsche Bank

The refinancing deal was facilitated by Joseph Brunner’s Wythe Owner LLC, which replaced the prior debt held by Deutsche Bank with the new loan from PGIM Real Estate/Prudential.

Players

JC
PGIM
Jacques Chappuis
14 deals$2.7B volume
LENDER
PGIM
PGIM
LENDER
JB
Joseph Brunner
18 deals$658.8M volume
LANDLORD
BR
Bruman Realty
LANDLORD

Details

FINANCED
IMAGE: Jacques Chappuis DATE: 10/31/2025 ADDRESS: 296 Wythe Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ SF: 84,145 LENDER: Jacques Chappuis - PGIM (@PGIM) LANDLORD: Joseph Brunner - Bruman Realty LOAN AMOUNT: $52,000,000 LOAN TYPE: Refinance NOTE: Joseph Brunner’s Wythe Owner LLC refinanced the newly constructed 55-unit residential building at 296 Wythe Avenue, Williamsburg, Brooklyn, with a $52M loan from PGIM Real Estate/Prudential, replacing prior debt held by Deutsche Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,000,000.00

Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00