Astral Weeks Secures $16.47M Refinance For 46-Unit Multifamily Property In Prospect Lefferts Gardens

The asset involved in this transaction is a multifamily property located at 340 Lenox Road in the Prospect Lefferts Gardens market. This 12-story structure includes 46 fully stabilized units, operating at 100% occupancy, and is classified as a luxury multifamily property. Astral Weeks has secured a refinancing loan amounting to $16,471,000 for this asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,471,000
• Asset Address: 340 Lenox Road
• Market: Prospect Lefferts Gardens
• Units: 46
• Landlord: Astral Weeks
• Loan Type: Refinance

The deal was facilitated by brokers Aaron Niedermayer, Robert Tonnessen, and John Flynn, representing JLL in this transaction. Their involvement underscores the collaborative efforts in securing this refinancing for the property owned by Astral Weeks.