Derby Copeland Capital Provides $6.45M Recapitalization Loan For Multifamily Properties In Brooklyn
545 Metropolitan Avenue & 284 Suydam Street
$6,450,000
$206/SF
Building Size
31,284 SF
Asset Type
MultiFamily
Closing
Apr 18, 2025
AI
A multifamily portfolio located at 545 Metropolitan Avenue and 284 Suydam Street in Williamsburg, Brooklyn, has been financed through a recapitalization loan. The total loan amount for the properties is $6,450,000, encompassing an asset with a square footage of 15,642. The lender for this transaction is Derby Copeland Capital, a firm based in New York City specializing in opportunistic real estate-related debt financing and equity investments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,450,000
- Address: 545 Metropolitan Avenue & 284 Suydam Street
- Market: Williamsburg, Brooklyn
- Lender: Derby Copeland Capital
- Landlord: Patoma Partners
- Brokers: Brad Fishbein & Matthew Albano - GCP Capital Group
- Loan Type: Recapitalization
- Asset Size: 15,642 SF
The transaction involved key individuals Brad Fishbein and Matthew Albano, who represented the broker agency GCP Capital Group. Derby Copeland Capital, identified as a private equity firm, does not provide any expertise or skill as a registered investment adviser, and the information given serves purely for informational purposes regarding the transaction.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93