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445 Grand Avenue

Haussmann Development Secures $49.5 Million Refinance Loan From QuadReal Property Group For Multifamily Asset
FINANCEDMultiFamily

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

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].

Players

Alan Blank

Cushman & Wakefield

Broker

$1.3B

vol

13 deals

Broker
QuadReal
QuadRealLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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