Bluejay Management Refinances 93-Unit Residential Apartment In Brooklyn With $39M Loan From Cross River Bank

Yerachmeal Jacobson's Instagram post from October 19, 2021, showcased a residential apartment building located at 50 Clarkson Ave. in Brooklyn. The property consists of 93 units, making it an attractive investment opportunity in the Brooklyn market.

Summary of transaction details:

• Property Type: Residential Apartment
• Transaction Date: 10/19/2021
• Address: 50 Clarkson Ave.
• Market: Brooklyn
• Units: 93

In this deal, Cross River Bank provided a loan of $39,000,000 to the landlord, Bluejay Management, represented by Marc Jacobowitz and Yerachmeal Jacobson. The loan type was a refinance. The brokers involved in the transaction were Yigal Y. Niasoff and Yankel Korolitzky.