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:
- Property Type: Multifamily
- Transaction Amount: $374,350,000
- Address: 470 Kent Avenue
- Market: Brooklyn
- Lender: Jonathan Neff - Barings
- Landlords: Miki Naftali & David Hochfelder - Naftali Group; Jonah Sonnenborn & Len Blavatnik - Access Industries
- Brokerage Representatives: Aaron Appel, Keith Kurland & Dustin Stolly - Walker & Dunlop
- Loan Type: Refinance
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
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