Updated Sep 22, 2026
Emeric Weinstock Receives $42 Million Refinance Loan From Counterpointe Sustainable Advisors For Multifamily Property
52 4th Avenue
$42,000,000
$567/SF
Building Size
74,014 SF
Asset Type
MultiFamily
Closing
Sep 2, 2026
About this deal
AI
This multifamily asset, located at 52 4th Avenue in Boerum Hill, Brooklyn, encompasses a total square footage of 74,014 and comprises 53 residential units. The property was refinanced with a loan amounting to $42,000,000 from Counterpointe Sustainable Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Address: 52 4th Avenue
- Market: Boerum Hill, Brooklyn
- Asset Square Footage: 74,014
- Units: 53
- Lender: Counterpointe Sustainable Advisors
- Landlord: Emeric Weinstock
- Previous Loan Amount: $36,000,000
- Previous Lender: S3 Capital
- Loan Type: Refinance
The refinancing was executed by 52 4th Ave Holdings LLC, indicating a strategic move to enhance the financing conditions of the property under the management of Emeric Weinstock. Counterpointe Sustainable Advisors facilitated the transaction, replacing the prior loan provided by S3 Capital.
On the Map
$42,000,000
$567/SF
MultiFamily
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Tall Timbers MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93