Gilad Tamir & Raymond Michael Gallagher Refinance Multifamily Asset At 540 Graham Avenue For $13.7M

The property asset involved in this transaction is a multifamily building located at 540 Graham Avenue, situated in the Greenpoint neighborhood of Brooklyn. The property has a total square footage of 23,909 and was refinanced for $13.7 million, replacing a prior debt of $13.2 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,700,000
• Address: 540 Graham Avenue
• Market: Greenpoint, Brooklyn
• Lender: Greystone
• Landlord: Gilad Tamir & Raymond Michael Gallagher
• Loan Type: Refinance
• Prior Debt: $13,200,000

The deal was facilitated by Galcon Developments, which handled the refinancing of its 25-unit building. The refinancing was significant in restructuring existing debt with Greystone serving as the lender for this transaction.