facebook
Traded Co logo
Submit

Square Mile Capital Management Provides $180.3M Loan For 550 Clinton Avenue Multifamily In Clinton Hill, Brooklyn

Property Image
FINANCED
$180,300,000
Michael Diaz
Keith Kurland
Adam Schwartz
+ 2

New York

See Similar Deals
MultiFamily280,000 SF
Financed 12/10/2020
the dealplayerscompscontact
Property Image
FINANCED

Square Mile Capital Management Provides $180.3M Loan For 550 Clinton Avenue Multifamily In Clinton Hill, Brooklyn

550 Clinton Avenue

See Similar Deals
MultiFamily280,000 SF
Financed 12/10/2020
Michael Diaz
Keith Kurland
Adam Schwartz
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$643
Total Square Footage:280,000 SF
Transaction Type:Loan

The multifamily property located at 550 Clinton Avenue in Clinton Hill, Brooklyn has been involved in a recent loan transaction. The loan amount obtained for this property is $180,300,000, and it spans an area of 280,000 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $180,300,000
  • Address: 550 Clinton Avenue
  • Market: Clinton Hill, Brooklyn

The lender for this transaction is Square Mile Capital Management, providing the necessary funds for the acquisition or development of the property. The landlord of 550 Clinton Avenue is Jeffrey Gershon, representing Hope Street Capital. Additionally, AKS Capital Partners, specifically Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, and Michael Diaz, have acted as brokers in this deal.

Players

Aaron Appel
Walker & Dunlop
Aaron Appel
190 deals$31.9B volume
BROKER
Jonathan Schwartz
Walker & Dunlop
Jonathan Schwartz
165 deals$26.9B volume
BROKER
Keith Kurland
Walker & Dunlop
Keith Kurland
170 deals$29.1B volume
BROKER
Adam Schwartz
Walker & Dunlop
Adam Schwartz
160 deals$25.4B volume(646) 491-8869
BROKER
Michael Diaz
Walker & Dunlop
Michael Diaz
37 deals$4.1B volume
BROKER
Square Mile Capital
Square Mile Capital
LENDER
Hope Street Capital
Hope Street Capital
LANDLORD

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Michael Diaz, Keith Kurland, Adam Schwartz DATE: 12/10/2019 ADDRESS: 550 Clinton Avenue MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily LENDER: Square Mile Capital Management LANDLORD: Jeffrey Gershon - Hope Street Capital BROKERS: AKS Capital Partners - Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz & Michael Diaz LOAN AMOUNT: $180,300,000 SF: 280,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$180,300,000.00

Monthly NOI$1,202,000.00
Monthly Debt Service$1,139,618.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00