Chaskel Landau Of LC Management USA Secures $20.6M Refinance From A&E Real Estate Holdings
303 Wythe Avenue
$20,600,000
$763/SF
Building Size
26,987 SF
Asset Type
MultiFamily
Closing
Jul 31, 2025
AI
The property asset involved in this transaction is a 22-unit multifamily residential building located at 303 Wythe Avenue in Williamsburg, Brooklyn, with a total square footage of 26,987. The transaction reflects a loan amount of $20,600,000 secured for refinancing purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,600,000
- Address: 303 Wythe Avenue
- Market: Williamsburg, Brooklyn
- Units: 22
- Landlord: Chaskel Landau - LC Management USA
- Lender: A&E Real Estate Holdings
Chaskel Landau from LC Management USA was instrumental in securing the refinance from A&E Real Estate Holdings, indicating a strategic financial maneuver for the residential building in question.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93