Updated Mar 18, 2025
Haussmann Development Secures $49.5 Million Refinance Loan From QuadReal Property Group For Multifamily Asset
445 Grand Avenue
$49,500,000
$485/SF
Building Size
102,000 SF
Asset Type
MultiFamily
Closing
Mar 14, 2025
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 445 Grand Avenue in Brooklyn. The refinance loan amount for this property is $49,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $49,500,000.00
- Lender: QuadReal Property Group
- Landlord: Haussmann Development
- Loan Type: refinance
- Loan Date: 03/14/2025
This transaction involved Haussmann Development acting as the landlord and QuadReal Property Group as the lender, facilitating the refinance of the property. For all deal-related inquiries, contact [email protected].
The multifamily loan at 445 Grand Avenue in Brooklyn, New York financed for $49.5M in 2025. Reported inventory is 102,000 square feet across 113 units, or about 485 per square foot. Zachary (Zach) Kraft, Alan Blank, Cushman & Wakefield appear on the loan alongside Cushman & Wakefield. This page is the Brooklyn, New York file for the 445 Grand Avenue multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn multifamily set by closing date to see what else financed near 445 Grand Avenue around 2025. Published consideration for 445 Grand Avenue is $49.5M, dated 2025. Cite this Haussmann Development Secures $49.5 Million Refinance Loan From QuadReal Property Group For Multifamily Asset loan when underwriting similar multifamily product around Brooklyn, New York.
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Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93