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470 Kent Avenue

Miki Naftali & David Hochfelder Of Naftali Group Secure $374.35M Refinance Loan In Brooklyn
FINANCEDMultiFamily

Miki Naftali & David Hochfelder Of Naftali Group Secure $374.35M Refinance Loan In Brooklyn

470 Kent Avenue

$374,350,000

$950/SF

Building Size

394,000 SF

Asset Type

MultiFamily

Closing

May 13, 2026

AI

The property asset involved in this transaction is a multifamily building located at 470 Kent Avenue in Brooklyn. The total square footage of the property is 394,000. The loan amount associated with this transaction is $374,350,000, classified as a refinance loan.

Summary of transaction details:

The transaction highlights the involvement of key individuals and companies, including the lenders and brokers who played a vital role in facilitating the refinance of this multifamily property. Jonathan Neff represents Barings as the lender. The landlords are Miki Naftali and David Hochfelder from Naftali Group, alongside Jonah Sonnenborn and Len Blavatnik from Access Industries. The brokerage team consisted of Aaron Appel, Keith Kurland, and Dustin Stolly from Walker & Dunlop.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
Barings
BaringsLender
Barings
BaringsLender
Miki Naftali

Miki Naftali

Naftali Group

Landlord

$3.9B

vol

31 deals

Landlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93