Updated Nov 6, 2026
David Kramer Of Hudson Inc. Secures $47.6 Million Refinance Loan For 170-Unit Multifamily Property In Brooklyn
310 Clarkson Avenue
$47,600,000
Units
170
Asset Type
MultiFamily
Closing
Oct 26, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 310 Clarkson Avenue in Brooklyn, comprising 170 units. The transaction primarily concerns a refinance loan amounting to $47,600,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $47,600,000
- Lender: David Elgart & David Manlowe - Benefit Street Partners
- Borrower: David Kramer - Hudson Inc.
- Landlord's Rep: Daniel Fromm, Samuel Speciale & Lance Tillman - Newmark
- Loan Type: Refinance
The deal involves key representatives including David Elgart and David Manlowe from Benefit Street Partners acting as lenders. David Kramer from Hudson Inc. serves as the borrower, while the landlord's interests are represented by Daniel Fromm, Samuel Speciale, and Lance Tillman from Newmark.
On the Map
$47,600,000
MultiFamily
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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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93