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420 Carroll Street

Updated Oct 19, 2026

Domain Companies Secures $199M Refinance Loan From Equitable Financial Life Insurance For 360-Unit Property
FINANCEDMultiFamily

Domain Companies Secures $199M Refinance Loan From Equitable Financial Life Insurance For 360-Unit Property

420 Carroll Street

$199,000,000

$523/SF

Building Size

380,071 SF

Asset Type

MultiFamily

Closing

Jul 10, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 420 Carroll Street in Gowanus, Brooklyn. The asset encompasses a total square footage of 380,071 and contains 360 units. The transaction involves a refinance loan amounting to $199,000,000 provided by Equitable Financial Life Insurance.

Summary of transaction details:

Matthew Schwartz and Chris Papamichael represent Domain Companies, which secured the refinance loan to replace prior debt from Bank OZK. This transaction highlights the involvement of key individuals who play a significant role in the management and financial structuring of the property.

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$199,000,000

$523/SF

MultiFamily

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Players

 Equitable Financial Life Insurance
Equitable Financial Life InsuranceLender

Matthew Schwartz

Domain Companies

Landlord

$978.1M

vol

9 deals

Landlord
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $523 per square foot on a published $199M for 380,071 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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