Isaac Lichtman Refinances Crown Heights Multifamily Property At 376 Montgomery Street For $4.9M

The property asset involved in this transaction is an eight-unit multifamily building located at 376 Montgomery Street in Crown Heights, Brooklyn. The building features a total square footage of 8,700 and has completed a refinance transaction with a loan amount of $4,900,000. This refinance serves to replace an existing debt of $3.8 million with S3 Capital.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,900,000
• Address: 376 Montgomery Street
• Market: Crown Heights, Brooklyn
• Units: 8
• Lender: A&E Real Estate
• Landlord: Isaac Lichtman
• Loan Type: Refinance

Key individuals in this transaction include Isaac Lichtman, who is associated with 376 Montgomery Realty LLC, and the lender A&E Real Estate Holdings, facilitating the refinance process. This transaction marks a significant financial adjustment for the property, enabling continued investment in the multifamily asset.