Eliot Arazi Refinances Multifamily Property With $850K Loan From Cross River Bank

The multifamily property located at 428 Van Brunt Street in Red Hook, Brooklyn, spans 2,724 square feet. The property was refinanced for an amount of $850,000, with Cross River Bank providing the loan. The landlord of the property is Eliot Arazi, and the broker involved in the deal was Morris Dweck from KSR.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $850,000
• Address: 428 Van Brunt Street
• Market: Red Hook, Brooklyn
• Lender: Cross River Bank
• Landlord: Eliot Arazi
• Broker: Morris Dweck - KSR

Morris Dweck from KSR represented the landlord, Eliot Arazi, in the refinancing transaction. The property's location in the Red Hook neighborhood of Brooklyn adds to its appeal, making it a valuable asset in the market.