Elie Fouerti Refinances 189-Unit Multifamily Building In Coney Island With Goldman Sachs For $74.8M

The asset involved in this transaction is a multifamily residential building located at 2971 Shell Road in Coney Island, Brooklyn. The property encompasses a total square footage of 220,730 and comprises 189 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $74,800,000
• Address: 2971 Shell Road
• Market: Coney Island, Brooklyn
• Lender: Goldman Sachs
• Landlord: Elie Fouerti
• Loan Type: Refinance

The refinance of the property was executed by Elie Fouerti, who is also the landlord of the multifamily asset. Goldman Sachs served as the lender facilitating this transaction.