Bruce Ratner Refinances Brooklyn Multifamily Portfolio With $157M Loan From Helaba

500 Sterling Street, Brooklyn, New York 11225, United States

$157,000,000

$707/SF

Building Size

221,800 SF

Asset Type

MultiFamily

Closing

May 31, 2022

AI

A multifamily property in Brooklyn has been refinanced for a loan amount of $157,000,000. The property, located at 500 Sterling, 65 N. 6th, 105 Grand Avenue, 42-44 Meserole & 168-172 Meserole, 365 & 281 Union, 248 Bedford & 128 East 62nd Street, spans a total square footage of 221,800 and comprises 303 units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $157,000,000
Market: Brooklyn
Lender: helaba''>Helaba
Landlord: Bruce Ratner
Brokers: Geoff Goldstein, Steve Klein, Christopher Pratt & Aaron Katz - JLL

The loan was secured with the assistance of Geoff Goldstein, Steve Klein, Christopher Pratt, and Aaron Katz from JLL. The landlord for the property is Bruce Ratner.

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